Romania GDP


Economy slows down in Q2

According to a preliminary estimate released by the statistical office on 4 September, GDP expanded 1.5% in the second quarter over the same period last year. The print marked a deterioration compared to the 2.2% rise recorded in the first quarter and matched FocusEconomics panelists' expectations. More detailed data will be released on 7 October.

On a quarter-on-quarter basis, GDP rose 0.5% in seasonally adjusted terms in Q2, which was slightly above the revised 0.4% expansion recorded in Q1 (previously reported: +0.7% quarter-on-quarter).

The government expects GDP to expand 1.9% this year, before accelerating to 2.2% in 2014. FocusEconomics Consensus Forecast panelists expect the economy to grow 1.4% this year, which is down 0.1 percentage points over the previous month's projection. For next year, the panel expects the economy to expand 2.5%.

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Romania GDP Chart

Romania GDP Q2 2013

Note: Year-on-year changes of GDP in %.
Source: National Institute of Statistics and FocusEconomics Consensus Forecast.

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