Romania: Economy accelerates in Q1
May 16, 2017
In the first quarter, the economy expanded 5.7% over the same period of last year, according to a preliminary estimate released on 16 May. The figure marked an acceleration from Q4 2016’s 4.8% expansion and vastly overshot market expectations of a slowdown to 4.4%.
On a quarter-on-quarter basis, GDP growth adjusted for seasonal effects accelerated to 1.7% in Q1, up from Q4’s reading of 1.3%. The Statistical Office (INSSE) will release more detailed data on 7 June.
Author: Christopher Mc Innes, Economist