According to the flash estimate released on 13 May by the National Institute of Statistics (INS), GDP expanded 1.6% in the first quarter over the same period the previous year. The reading represents an improvement compared to the 0.6% contraction tallied in Q4 2010, as the economy recovers from the severe austerity measures introduced last year. In seasonally adjusted terms, the economy expanded 0.6% over the previous quarter, on top of a 0.1% expansion tallied in Q4 2010, thus technically exiting a two-year recession. The reading also overshot market expectations of a 0.2% expansion. A revised and more complete set of data will be published on 8 June. The government expects the economy to return to positive growth this year and expand 1.5% before accelerating to 4.4% in 2012.
Economy exits recession in the first quarter
May 13, 2011
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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.