Romania Economic Outlook
March 10, 2020A preliminary estimate revealed that GDP growth picked up noticeably in Q4 2019, beating market expectations. Household consumption appears to have spearheaded the expansion, as reflected by robust retail sales growth in the quarter. Turning to 2020, economic sentiment edged up in January–February from Q4 on the back of strengthening confidence in the trade and construction sectors, alluding to sustained healthy business conditions. Meanwhile, on 26 February, President Klaus Iohannis appointed acting Finance Minister Florin Citu as prime minister-delegate to try to form a government, after the Constitutional Court ruled that the re-nomination of toppled Ludovic Orban as prime minister created a conflict of interest. In other news, on 5 March the European Commission recommended EU finance ministers to open an excessive deficit procedure against the country as it exceeded the 3.0% fiscal deficit threshold last year. The recommendation calls for reducing the budget shortfall below 3.0% by 2022 at the latest, placing structural funds at risk if authorities fail to comply.
Romania Economic GrowthAlthough the economy is expected to slow this year, robust consumer spending—propped up by a tight job market—should nevertheless underpin a healthy pace of expansion. Continued absorption of EU structural funds should also support investment activity. That said, political uncertainty and the country’s sizeable twin deficits pose key risks to the outlook. Our analysts see growth at 3.2% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.8% in 2021.
Romania Economy Data
5 years of Romania economic forecasts for more than 30 economic indicators.
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Romania Economic News
March 12, 2020
Industrial production fell 3.1% year-on-year in seasonally- and working day-adjusted terms in January, following December’s 6.9% plunge and marking the tenth consecutive month of contraction.
March 11, 2020
bet360备用网址Consumer prices rose 0.3% month-on-month in February, down from January’s 0.4% climb.
March 10, 2020
bet360备用网址Annual GDP growth accelerated to 4.3% in the fourth quarter of last year from 3.0% in the third quarter which had marked the weakest expansion in over five years, according to a comprehensive estimate released by Romania’s Statistical Institute on 10 March.
February 14, 2020
bet360备用网址The economy grew 4.3% year-on-year in the final quarter of 2019, well above the third quarter’s 3.0% expansion, according to a flash estimate released by the Statistical Institute on 14 February.
February 13, 2020
Consumer prices rose 0.4% month-on-month in January, matching December’s climb.