Romania GDP Q2 2019

Romania

Romania: Growth moderates in Q2 but remains strong nonetheless

August 14, 2019

Romania’s economy grew 4.4% year-on-year in the second quarter, according to a preliminary estimate released by the Statistical Institute on 14 August. Although this was down from the first quarter’s 5.0% outturn, the print overshot analysts’ expectations and comfortably exceed the Eurozone average of 1.1%.

In seasonally-adjusted terms, the economy grew 1.0% quarter-on-quarter (Q1: +1.2% quarter-on-quarter s.a.).

Comprehensive second-quarter national accounts will be released on 6 September.

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 Q2 2019 1

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


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