External Debt in Romania
Romania - External DebtEconomic activity appears to have moderated in the fourth quarter of last year, following the third quarter’s acceleration which was propelled by a jump in inventories. Industrial production growth was weak in October-November, as was external demand, both of which suffered from a cooling industrial sector in the EU. On the other hand, retail sales surged in Q4, likely benefiting from declining inflation. Heading into Q1, economic prospects appear downbeat: In mid-January, several major financial institutions announced they are considering the postponement of investment plans, due to the recently-introduced tax on banks’ assets. On the political front, on 31 January the government presented the draft budget for 2019. Among other measures, it includes a notable increase in public investment, part of which will be co-financed by EU funds. Meanwhile, relationships with EU institutions remain turbulent: In mid-January, the European Commission criticized the government for its regressive steps in fighting corruption, after the justice minister drafted an emergency decree which could invalidate several corruption cases.
Romania - External Debt Data
|External Debt (% of GDP)||67.8||63.0||57.4||54.7||49.8|
5 years of economic forecasts for more than 30 economic indicators.
Romania External Debt Chart
Source: National Bank of Romania.
|Bond Yield||4.93||0.23 %||Feb 21|
|Exchange Rate||4.19||-0.34 %||Feb 21|
|Stock Market||7,856||-0.59 %||Feb 21|
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February 14, 2019
According to a preliminary estimate released by the National Institute of Statistics on 14 February, the economy expanded 4.1% in the fourth quarter over the same period last year, slightly decelerating from the third quarter (Q3: +4.2% year-on-year).
February 13, 2019
Industrial output dropped 0.8% in annual terms in December, contrasting November's 2.6% expansion.
February 13, 2019
Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase.
February 7, 2019
At its monetary policy meeting held on 7 February, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
January 14, 2019
Industrial output grew 2.6% in annual terms in November, below October's 3.5% expansion.