Romania’s Prognosis Commission: it is likely to have a 4 to 6% economic growth in 2009

An economic growth of 4 to 6% in 2009, as against the extraordinary economic evolution in 2009, is a natural situation, head of the National Commission for Prognosis (CNP) Ion Ghizdeanu said on December 3 at a conference on the retail market in Romania.

Also, the CNP representative estimated an unemployment level of maximum 5% in 2009 against its 4% level so far.

The GDP has soared, in real terms, 8.9%, in the first nine months of the year against the same period in 2007, standing at 335.2 billion lei, according to data centralized by the CNP.

In Q3 of 2008 the GDP stood at 139.4 billion lei, some 9.1% more than over July-September 2007.

The European Commission forecasts that Romania’s economic growth will exceed expectations this year, going up over 8.5%, while in 2009 it will drop to 4.75% and to 5% in 2010.
In its turn, the International Monetary Fund (FMI) is expecting an economic growth of 8-9% in 2008, followed by a significant slowdown in 2009, up to 4-5%.