For the first nine months of 2008, the economic growth was 8.9 percent and the GDP amounted to €92.1 billion. Financial market analysts interviewed by Business Standard were expecting a 7-9 percent economic growth the third quarter. For most economists, agriculture played a major role in the July-September period.
GDP was high in the third quarter, especially compared to other countries in the region. Agriculture was the main engine for this economic growth, followed by construction,” said Lucian Anghel, Chief Economist of Banca Comerciala Romana (BCR). In the second quarter, the GDP rose a staggering 9.3 percent, while the growth for Q1 amounted to 8.8 percent.
In its latest forecast, the National Commission for Prognosis (CNP) estimated a 9.1 percent economic growth for the entire 2008. Last year, the GDP advanced by 6 percent, up to €121.2 billion.
