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Romania’s economic growth estimated at 4-6% in 2009

Publicat la 21.10.2008, 21:00:00

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Romania’s economic growth estimated at 4-6% in 2009

However, such growth is only possible if the salaries of civil servants rise at a sustainable level.

The Prime Minister and analysts discussed the risk of a rapid drop in the economic advance as of 2009. Months ago, international institutions warned that Romania’s economy could be subject to a hard landing, after significant growth in the past few years.

Growth is likely to temper due to lower exports and fewer local and foreign investments.

The expected 4-6 percent growth is significantly lower than this year’s levels. The National Prognosis Commission (CNP) last month estimated a 9.1 percent increase in GDP for 2008.

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