Romania Economic Outlook
November 28, 2017Preliminary data revealed that growth remained in full swing in the third quarter, with GDP expanding at the fastest pace since Q3 2008. Although details are not yet available, a spending spree by households thanks to a tightening labor market and government stimulus policies likely drove activity. In addition, a rebound in investment on the back of greater absorption of EU funds is expected to have added steam to growth. While loose fiscal policies have put the economy on track to grow at the fastest pace since 2008 this year, a lack of structural reforms, ballooning government spending, rising inflation and a widening trade deficit have sparked fears that the economy could overheat. These concerns, along with controversial politics, have taken a toll on the leu, which fell to record lows in November. On 23 November, the government survived a no confidence vote, as widely expected.
Romania Economic GrowthGrowth is expected to wane somewhat next year as higher inflation and tighter monetary policy take a bite out of household spending. Met the why particular panelists expect growth of 4.0% for 2018, which is unchanged from last month’s forecast. They see the economy expanding 3.4% in 2019.
Romania Economy Data
5 years of Romania economic forecasts for more than 30 economic indicators.
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|Bond Yield||4.54||0.23 %||Dec 06|
|Exchange Rate||3.92||-0.34 %||Dec 06|
|Stock Market||7,670||-0.59 %||Dec 06|
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Romania Economic News
November 14, 2017
In the third quarter, the economy expanded a buoyant 8.8% over the same period of last year, according to a preliminary estimate released on 14 November.
November 13, 2017
Industrial output grew 4.2% in annual terms in September, decelerating from August’s 11.3% increase.
November 11, 2017
Consumer prices rose 1.3% in October over the previous month, which was above September’s 0.5% increase.
November 7, 2017
At its monetary policy meeting on 7 November, the National Bank of Romania (NBR) decided to keep the policy rate unchanged at 1.75%, where it has remained since May 2015.
October 12, 2017
Industrial output grew a robust 11.3% in annual terms in August, accelerating from July’s 7.4% increase.