Current Account in Romania
Romania - Current Account (billions of Euros)Flash estimates for annual GDP growth in Q1 indicate that the economy beat market expectations, growing more than twice as fast as in Q4. A breakdown of the reading is not yet available. This said, fairly upbeat retail sales and economic sentiment in the quarter suggest household spending may have held up better than expected; the lifting of Covid-19 restrictions in March likely boosted activity. Meanwhile, industrial production contracted in annual terms in Q1, plagued by supply-chain disruptions which were compounded by the war in Ukraine. Turning to Q2, the government support to households and SMEs, and resilient economic sentiment, are likely playing a losing game against conflagratory inflation and tighter monetary policy. On 24 May, the European Commission presented a report calling for Romania’s admission into the Schengen zone—which would boost long-term growth prospects.
Romania - Current Account (EUR bn) Data
|Current Account Balance (EUR bn)||-2.0||-3.6||-6.0||-9.2||-10.2|
5 years of economic forecasts for more than 30 economic indicators.
Romania Current Account (EUR bn) Chart
Source: National Bank of Romania.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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July 13, 2022
Industrial production grew 6.4% year on year in May (April: -9.0% yoy).
July 12, 2022
Consumer prices increased a seasonally-adjusted 0.76% from the previous month in June, a smaller increase than the 1.18% rise logged in May.
July 6, 2022
At its meeting on 6 July, the National Bank of Romania (NBR) raised the policy rate to 4.75% from May’s 3.75%.
June 14, 2022
Industrial output nosedived 8.7% year on year in April (March: -1.9% yoy).
June 10, 2022
Consumer prices rose a seasonally-adjusted 1.18% in May over the previous month, slowing down from April's 3.74% increase.