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Romania is the only country in the EU with higher GDP estimates in 2008

Publicat la 28.04.2008, 21:00:00

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Romania is the only country in the EU with higher GDP estimates in 2008
Meanwhile, the National Prognosis Commission (CNP) maintained its economic growth estimates to 6.5 percent.
Romania is the only country in the European Union with improved estimations for economic growth. Furthermore, the EC is the only international institution to improved an estimation for Romanian economy lately. The International Monetary Fund (IMF) recently estimated and advance of 5.4 percent for Romania's GDP.

Local analysts are skeptical regarding evaluations and estimates made by international institutions. “I would like to see whether IMF estimations come true in one year. This is not the first time when international financial institutions show more than pessimistic data about Romania, data that are proven unreal afterwards,” said the Chief Economist of Banca Comerciala Romana, the largest local lender, Lucian Anghel.

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