Trade Balance in Romania
Romania - Trade BalanceEconomic growth accelerated in the third quarter, likely due to rising public spending. Data for the January-September period, for example, shows that the budget deficit more than doubled year-on-year, mainly due to public salary hikes. The widening deficit, together with the government’s wage and pensions hike plans, prompted the IMF at the end of its November staff visit to suggest that the country undertake substantial fiscal consolidation. In mid-November, Fitch Ratings also cited both points as risks to future macroeconomic stability, although nevertheless affirmed Romania at BBB-, with a stable outlook due to moderate levels of government debt. On 19 November, Prime Minister Viorica Dancila announced a government reshuffle, likely the result of an internal party struggle. The move is expected to give Liviu Dragnea, leader of the ruling Social Democratic Party and kingmaker of Romania’s government, a tighter grip over the cabinet.
Romania - Trade Balance Data
|Trade Balance (USD billion)||-7.5||-8.3||-9.4||-11.0||-14.8|
5 years of economic forecasts for more than 30 economic indicators.
Romania Trade Balance Chart
Source: National Bank of Romania.
|Bond Yield||4.84||0.23 %||Dec 11|
|Exchange Rate||4.09||-0.34 %||Dec 11|
|Stock Market||8,581||-0.59 %||Dec 11|
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December 11, 2018
A second estimate released on 7 December by the Statistical Institute (INSSE) confirmed that the economy expanded 4.3% over the same period of 2017 in the third quarter, slightly above the second quarter’s 4.1% expansion.
November 14, 2018
According to a preliminary estimate released by the National Institute of Statistics on 14 November, the economy expanded 4.3% in the third quarter over the same period last year, gradually accelerating from the second quarter (Q2: +4.1% year-on-year). Although a breakdown by components is not yet available, tightening labor market conditions and some moderation in inflation suggest household spending expanded at a healthy pace in the quarter.
November 12, 2018
Consumer prices rose 0.5% over the previous month in October, matching September’s increase.
November 12, 2018
Industrial output expanded 0.5% in annual terms in September, well below August's 3.7% growth rate and the weakest recording in 17 months.
November 6, 2018
At its last monetary policy meeting of the year, held on 6 November, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.