Friday, October 31, 2008

Romania president sees GDP up 4.5-5 pct in 2009

BUCHAREST, Oct 30 (Reuters) - Romania's economic growth could slow down to 4.5-5 percent in 2009 from an expected 9 percent this year, as the global crisis lowers foreign cash flows, President Traian Basescu said on Thursday.

'The situation is not easy ... capital inflows are not coming in as they used to, but we have resources to reach economic growth of 4.5-5 percent next year,' Basescu told reporters.

At 9.3 percent on an annual basis, Romania's economic growth was the fastest in the EU in the second quarter. Third-quarter figures that will encompass the initial impact of global crisis are not yet available.

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