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Romania economy seen growing in 2007

Romania's economy is forecast to grow by 6.5% this year, down from 7.7% in 2006, the national commission for prognosis said Monday.

Annual inflation is expected to slow to 4.3% from 4.87% last year, the commission said. For 2008, it predicted that GDP growth would slow to 6.3%, with inflation of 3.5%. Romania, which joined the European Union on January 1, has enjoyed rapid growth since 2001, after years of recessions and restructuring of heavy industries in the 1990s. (businessweek.com)