GDP growth

After the strong expansion in recent years, growth is projected to slow to 3.2% in 2020 and then increase to 3.7% in 2021, says the latest OECD economic outlook on Romania. While wages will return to single-digit growth, private consumption…

Romania’s government has passed a first revision of the 2019 budget in response to its widening fiscal deficit. Effective measures are needed given the country’s pro-cyclical fiscal policies and the upward trajectory of public debt, says…

Following an annual growth of 4.1% in 2018, real GDP growth accelerated in the first quarter of 2019 to 5.1% year-on-year (1.3% quarter-on-quarter). Private  consumption  remained  the  main  driver,  increasing  7.0%  year-on-year  thanks…

PSD has reacted on Wednesday to President Klaus Iohannis' criticisms that Romania is heading to a wrong direction and the refusal of the ministers proposed, arguing that "the real news of the day is that Romania has achieved economic growth…

Fitch Ratings has affirmed Romania's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. Romania's investment-grade ratings are supported by moderate levels of government debt, and GDP per capita and…

The National Commission for Strategy and Prognosis (CNSP) has revised upwards the inflation forecast for this year to 3.2% and the estimates on the average exchange rate have also been revised upwards to RON 4.74 per EUR, according to the…

The first forecast regarding the GDP growth, released by Banca Transilvania (BT) considers a 2.8% increase in 2019, a report issued on Thursday reads. In turn, Erste Group Research (EGR) expects an economic growth of almost 3%, down from…

In the context of the current debates on State Budget Planning for 2019, AmCham Romania reiterates its call for responsibility in budget planning and signals the vulnerabilities and risks presented by the draft budget, in an analysis…

The National Statistics Institute (INS) has confirmed on Friday the estimates released at mid-November regarding the 4.3% economic growth, as gross series, in Q3 against the same period last year. Thus, in Q3 2018, the GDP increased by…

The National Statistics Institute (INS) has revised upwards the evolution of GDP in the first quarter of 2018, estimating a 0.1% advance as compared to the fourth quarter of 2017, after the forecast in June revealed stagnation.…