Romania GDP Q4 2018

Romania

Romania: Growth eases through Q4 2018

March 7, 2019

A comprehensive estimate released by the National Institute of Statistics revealed the economy expanded 4.1% in the fourth quarter over the same period a year earlier, decelerating from the third quarter (Q3 2018: +4.2% year-on-year). The result brings full-growth for 2018 to 4.1%, down from the 7.0% expansion recorded in 2017.

Domestically, consumption was firmly in the driver’s seat. Household spending growth accelerated to 5.6% year-on-year (Q3: +4.4% yoy), as did government spending (Q4: +7.7% yoy; Q3: +4.0%). Fixed investment continued to contract for a third straight quarter (Q4: -3.3% yoy; Q3: -3.9% yoy); the absorption of EU-linked structural funds appeared sluggish.

On the external front, export growth slowed to just 1.6% year-on-year (Q3: +2.3% yoy) in light of the slowdown across the Eurozone. Import growth, meanwhile, ticked up to 7.2% (Q3: +6.7% yoy).

On a seasonally-adjusted basis, growth fell to 0.7% quarter-on-quarter (Q3: +1.7% quarter-on-quarter).

FocusEconomics Consensus Forecast panelists expect the economy to grow 3.3% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees the economy expanding 2.8%.


Author:, Economist

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Romania GDP Q4 2018 0

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


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