According to the flash estimate released on 15 January by the National Institute of Statistics (INS), GDP contracted 0.6% in the fourth quarter over the same period the previous year. The reading marked the eighth consecutive quarter of declining economic activity and was broadly in line with market expectations. Growth in the fourth quarter reflected an improvement compared to the 2.5% contraction tallied in Q3, as the economy slowly recovers from the severe austerity measures, which have been in place since mid-2010. In seasonally adjusted terms, the economy contracted 0.5% over the previous quarter, following the 0.7% drop tallied in Q3. A revised and more complete set of data will be published on 3 March. The government expects the economy to return to positive growth this year and expand 1.5%.
Economy still contracting in fourth quarter
February 15, 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.