Quick numbers – financial indicators for the Romanian crisis

-Real GDP contracted by 6.2% yoy in Q1 2009 and by 4.6% compared to Q4 2008 (RZB);

-ING forecast update for Romania’s growth rate from -3,5% to -7,1% yoy (construction -13,7%; industrial production -10%; retail -10,3%);

-Investments fell by just 0.3% yoy, but they decreased by 7.1% compared to Q4 2008 (RZB);

-Q1 overall est.  media consumption (yoy): print (-60%), TV (-40%), Internet (-50), Outdoor (-80).

-Household consumption (-12.3% yoy and -0.5% qoq) and changes in inventories had the largest negative contribution to the annual GDP growth rate.

-The cherry on the cake – Pieter Wessel, Deloitte.