Romania Economic Outlook
February 6, 2018On 15 January Prime Minister Mihai Tudose resigned following a power struggle with the leader of the ruling Social Democratic Party, Liviu Dragnea. Viorica Dancila was swiftly appointed and on 29 January was confirmed by the parliament, becoming the third prime minister in seven months amid ongoing anti-corruption protests. The economy, however, continued to expand strongly in the final quarter of the year, according to available data. Buoyant external demand from the EU continued to underpin growth: Both exports and industrial production recorded remarkable year-on-year increases in the first two months of Q4, on the back of a strong automotive sector. Household spending also remained buoyant: Retail sales soared in annual terms in both October and November, supported by a tightening labor market and robust wage rises. That said, Romania’s political landscape continues to be troubled.
Romania Economic GrowthThis year, growth in private consumption is expected to slow. Although wages will continue to rise at a healthy rate and the labor market remain tight, higher inflation, weakening consumer confidence and less favorable financing conditions will likely weigh on consumer spending. On the other hand, an increased absorption of EU funds will fuel a faster expansion in fixed investment. All in all, growth should moderate but remain solid. Downside risks to the outlook come from the weak fiscal position and the possibility of continued unrest. Met the why particular panelists expect growth of 4.4% for 2018, which is up 0.2 percentage points from last month’s forecast. They see the economy expanding 3.5% in 2019.
Romania Economy Data
5 years of Romania economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||4.65||0.23 %||Feb 20|
|Exchange Rate||3.78||-0.34 %||Feb 20|
|Stock Market||8,307||-0.59 %||Feb 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Romania Economic News
February 14, 2018
In the fourth quarter, the economy expanded a strong 6.9% over the same period last year, according to a preliminary estimate released by the National Institute of Statistics on 14 February.
February 14, 2018
Consumer prices rose 0.8% in January over the previous month, which was well above December’s 0.3% increase.
February 13, 2018
Industrial output expanded a robust 7.9% in annual terms in December, albeit down from November’s remarkable 9.2% growth rate.
February 8, 2018
At its monetary policy meeting on 7 February, the National Bank of Romania (NBR) decided to raise the policy rate to 2.25% from 2.00%—the second rate hike in as many months.
February 5, 2018
On 29 January Viorica Dancila was appointed Romania’s third prime minister in seven months; she is also the first woman to hold this position.