facebook
twitter
search
search

Romania GDP to drop 6.4 pct. in 2009

May 26, 2009 at 2:16 PM

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.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Volvo unveils new child seat concept
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules