Romania: Economy accelerates in Q4
February 14, 2017
In the fourth quarter, the economy expanded 4.7% over the same period of last year, according to a preliminary estimate released on 14 February. The figure marked an acceleration from Q3’s 4.3% expansion and met market expectations. For 2016 as a whole, GDP grew 4.8%, which is in line with FocusEconomics’ panelists’ projections.
On a quarter-on-quarter basis, GDP growth adjusted for seasonal effects accelerated to 1.3% in Q4, up from Q3’s reading of 0.5%. The Statistical Office (INSSE) will release more detailed data on 7 March.
Author: Christopher Mc Innes, Economist