Romania GDP Q1 2020

Romania

Romania: Growth records slowest expansion since Q2 2014

May 15, 2020

GDP growth moderated to 2.4% year-on-year in the first quarter from the 4.3% expansion tallied in the final quarter of 2019, according to a flash estimate released by the Statistical Institute on 15 May. Q1's reading marked the worst reading since Q2 2014 and largely reflected the impact of the coronavirus pandemic and its associated containment measures. In seasonally-adjusted terms, economic growth waned markedly to 0.3% in Q1 from Q4's 1.5% increase. Q1's reading marked the slowest expansion since Q3 2016.

Comprehensive first-quarter national accounts will be released on 9 June.

FocusEconomics Consensus Forecast analysts see GDP falling 5.5% in 2020, which is down 2.4 percentage points from last month’s forecast. For 2021, analysts see growth at 5.1%.


Author:, Economist

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Romania GDP Q1  20 20 0

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


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