New estimates point to 495 billion lei in GDP in 2008

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The Gross Domestic Product (GDP) estimated for the year 2008 stands at 495 billion lei, having been revised upward from 475 billion lei, a value forecasted on the occasion of the budget rectification back in July, Romanian Ministry of Economy and Finance Varujan Vosganian said on September 18.
 
“The Gross Domestic Product was initially estimated to reach 440 billion lei in 2008, but we revised it upward on the occasion of the budget rectification in July. We estimate now the GDP will reach 495 billion lei in 2008”, Vosganian said.
 
The Executive approved on Thursday, September 18, a new budget rectification, but with no further modifications to be brought to such estimates related to the budget deficit for 2008 – 2.3%.
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