Romania GDP Q1 2019

Romania

Romania: Growth jumps in Q1

May 29, 2019

Romania’s economy grew 5.0% year-on-year in the first quarter, according to a preliminary estimate released by the Statistical Institute on 15 May. This was up significantly from last year’s fourth quarter (Q4 2018: +4.1% year-on-year) and, notably, overshot analysts’ expectations.

In seasonally-adjusted terms, the economy grew 1.3% quarter-on-quarter (Q4 2018: +1.0% quarter-on-quarter s.a.).

Comprehensive first-quarter national accounts will be released at the end of June.

FocusEconomics Consensus Forecast analysts see growth at 3.3% in 2019, which is unchanged from last month’s forecast. For 2020, analysts see growth at 2.9%.


Author:, Economist

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Romania GDP Q1 2019

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


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