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Monday, November 22, 2004

Premier Announces A Dazzling 8.1% Economic Growth For 2004

Prime Minister Adrian Nastase on Saturday said the latest data from The National Statistics Institute indicated a full-year economic growth of 8.1%.

"This is absolutely extraordinary, I can't believe it! I'm looking forward for the final figures. We started the year with a five percent projection, then we recalculated it at six percent, and then at seven percent."

A few weeks ago, it looked like it was going to be 7.6 percent and now estimates for the first nine months indicate a full-year growth of eight percent. It's incredible!..." PM Nastase said enthusiastically.

Economists Matei Paun and Daniel Daianu on the other hand are not too impressed as they believe this year's record-high crop accounted for at least 2% of that 8%, which is not going to happen again next year.

Posted by Iulia Rasoiu : 11/22/2004 10:25:00 am