facebook
twitter
rss
account
search
search
 

Romania GDP to drop 6.4 pct. in 2009

May 26, 2009 at 2:16 PM   |   Comments

BUCHAREST, Romania, May 26 (UPI) -- Merrill Lynch experts estimate Romania's economy will contract 6.4 percent for all of 2009, and in 2010 will slightly recover to decline 2.5 percent.

A Bank of America Securities-Merrill Lynch prognosis forecast Romania's annual inflation in 2009 will reach 5.2 percent while in 2010 it should drop to 4 percent.

Early this year, the Romanian National Bank's prognosis showed the 2009 inflation rate of 3.5 percent.

In 2008, Romania's annual inflation amounted to 6.3 percent, the Romanian HotNews.ro Web site said.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russian bank boss feeling sanctions pain Russian bank boss feeling sanctions pain
2
New Navy sub ready for outfitting, testing New Navy sub ready for outfitting, testing
3
Army deploying JLENS radar system to help protect Washington, D.C. Army deploying JLENS radar system to help protect Washington, D.C.
4
No means yes for Scotland, energy companies say No means yes for Scotland, energy companies say
5
EIA: Russia diversifying energy production EIA: Russia diversifying energy production
Trending News
Video
x
Feedback