Romania Economic Outlook
April 2, 2019Fourth-quarter growth moderated somewhat but was nonetheless upbeat, landing roughly in line with analysts’ expectations. Household spending remained firmly in the driver’s seat, as consumers appeared to benefit from the tight labor market and lower inflation. Investment continued to contract; absorption of EU-linked structural funding was sluggish. On the external front, weaker industrial output regionwide ate into local manufacturing activity and bruised export growth. Looking at the new year, some familiar trends stand out. On the upside, unemployment fell lower in January and retail sales jumped. On the downside, industrial output growth stalled. In late March, facing a stock-market backlash, the government largely scrapped its controversial new tax on banks’ assets; the move should lift business confidence and, in turn, investment.
Romania Economic GrowthEconomic growth is expected to cool this year as slower employment growth and labor shortages weigh on household spending gains. Investment, meanwhile, is still expected to be hit by weak economic sentiment in light of the government’s tax proposals, as well as rising labor costs. Twin deficits also pose downside risks, especially in the event of a global downturn. Met the why particular analysts expect growth of 3.2% in 2019, down 0.1 percentage points from last month’s forecast, and 2.7% in 2020.
Romania Economy Data
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|Bond Yield||5.05||0.23 %||Apr 12|
|Exchange Rate||4.21||-0.34 %||Apr 12|
|Stock Market||8,267||-0.59 %||Apr 12|
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Romania Economic News
April 8, 2019
A second estimate released on 8 April by the Statistical Institute (INSSE) confirmed that the economy grew 4.1% in the fourth quarter over the same period a year earlier, a notch below the third quarter’s 4.2% expansion.
April 2, 2019
At its monetary policy meeting held on 2 April, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%.
March 7, 2019
A comprehensive estimate released by the National Institute of Statistics revealed the economy expanded 4.1% in the fourth quarter over the same period a year earlier, decelerating from the third quarter (Q3 2018: +4.2% year-on-year).
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
Consumer prices jumped 0.8% over the previous month in January, following December’s 0.2% month-on-month increase.