Coface estimates economic growth of 7.8% in Romania in 2008
Coface forecasted an inflation standing at 8% in 2008 and at 6.2% in 2009.
According to Coface Romania, the current account deficit is to reach approximately 31 billion dollars (minus 14% of the country’s Gross Domestic Product – GDP) in 2008 and 30.9 billion dollars in 2009 (minus 13% of the GDP).
On the other hand, imports will exceed 92.9 billion dollars in 2008, and are expected to hit a growth of up to 107.7 billion dollars in 2009. In this context, according to estimates by Coface Romania, the trade balance is to come to minus 35.43 billion dollars in 2008 and to minus 38.7 billion dollars next year.
Coface Romania estimates an unemployment rate of 3.6% in 2008 and of 3.2% in 2009. Coface Romania is the local branch of French rating agency Coface.