Romania Economic Outlook
October 4, 2016An expansionary fiscal policy, public sector wage hikes and low prices have spurred a consumption spree. Revised data confirmed that annual economic growth in Q2 accelerated to an almost eight-year high of 6.0%, making Romania the most dynamic economy in the region. The latest indicators suggest that the positive momentum from Q2 carried over into Q3. While industrial production faltered in July, retail sales logged another double-digit expansion and unemployment came in at an over eight-year low in August, pointing to a still-solid domestic economy. The political arena has, however, been more turbulent. The leader of Romania’s Liberal Party, the country’s second-biggest party, stepped down in late September over corruption allegations. The resignation is expected to weaken the party just months shy of the 11 December parliamentary elections.
Romania Economy Data
5 years of Romania economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.01||-0.99 %||Oct 26|
|Exchange Rate||4.12||-0.24 %||Oct 26|
|Stock Market||6,782||-0.16 %||Oct 26|
Romania Economic Growth
October 4, 2016Although strong domestic demand will support growth and shield Romania from economic headwinds, Brexit-related uncertainties and waning growth in the Eurozone pose downside risks in the short-term. Growing macroeconomic imbalances such as a deterioration in the public and external accounts constitute medium-term risks to the outlook. Panelists expect the economy to grow 4.7% this year, which is up 0.2 percentage points from last month’s forecast. In 2017, the panel foresees economic growth moderating to 3.5%.
Romania Economic News
October 12, 2016
Industrial output expanded 5.3% in August from the same month last year, which was the fastest expansion in one year.
October 11, 2016
In September, consumer prices inched down 0.1% from the previous month, contrasting August’s 0.1% expansion.
September 14, 2016
Industrial output contracted 3.4% in July over the same month last year, which was the fastest contraction rate in almost seven years and contrasted the 1.1% expansion recorded in June.
September 9, 2016
In August, consumer prices inched up 0.1% over the previous month, rebounding from July’s 0.2% contraction.
September 6, 2016
In second quarter of 2016, the economy expanded 6.0% over the same period of the previous year, the fastest rate of growth since Q3 2008, according to detailed data released on 6 September.