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Romanian central bank governor Isarescu: Economic growth to exceed 6% should 2008 be good farming year

de V.O.
Miercuri, 11 iunie 2008, 13:34 English | Business

The economic growth of Romania may exceed 6% this year it it proves to be good for farming, Central Bank (BNR) governor Mugur Isarescu said on Wednesday. The contribution of agriculture in a favorable year would amount to a billion euro or some 1% of the GDP, Isarescu said.

A good agricultural year would bring higher offers and would contribute to putting a halt to the growth of prices, he said, quoted by Romanian news agency NewsIn.

Isarescu also said Romania needed an economic growth based on productivity supported by exports not consumption, or imports. In 2008, the pace of exports growth overcame that of imports with exports up 16.7% in the first quarter as compared to 15.8% for imports.

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