Romania: Economic activity decelerates in the final quarter of 2014
February 13, 2015
According to a preliminary estimate released by the statistical office on 13 February, the economy grew 2.6% in Q4 over the same quarter of the previous year. The figure marked a slowdown compared to the 3.3% expansion tallied in Q3, although it did overshoot market expectations of a 2.0% increase. In the full year 2014, the economy expanded 2.5%, which was down from the 3.5% increase recorded in 2013. More detailed data will be released on 6 March.
On a quarter-on-quarter basis, GDP rose 0.5% in seasonally-adjusted terms in Q4, which was notably below the 1.8% increase posted in Q3.
Author: Cecilia Simkievich, Economist