External Debt in Romania
Romania - External Debt
Economic activity appears to have moderated a notch in the second quarter on a bleaker external backdrop, after having expanded at the fastest pace in more than a year in the first quarter. Industrial production flagged in May, as the lagged effect of Germany’s industrial slowdown took its toll on manufacturing activity, while sentiment in the industrial, service and retail sectors fell in Q2. Moreover, the current account deficit widened further in April-May. Nevertheless, domestic demand likely cushioned the slowdown in Q2, as a tight labor market and improved consumer sentiment should have buttressed private consumption. In politics, a pension law approved on 8 July is programmed to add a RON 8.4 billion burden to the 2019 budget. A budget rectification meeting is scheduled for 31 July, when policymakers must decide on measures to compensate for a RON 7 billion shortfall in order to meet the 3% deficit target for this year.Romania - External Debt Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 68.1 | 63.0 | 57.4 | 54.5 | 52.0 |
Romania External Debt Chart
Source: National Bank of Romania.
Romania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.37 | 0.23 % | Jul 31 |
| Exchange Rate | 4.25 | -0.34 % | Jul 31 |
| Stock Market | 9,204 | -0.59 % | Jul 31 |
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Economic News
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.
Romania: Inflation rises in July
August 12, 2019
Consumer prices declined 0.2% month-on-month in July, matching June’s print.
Romania: Industrial output falls in June
August 12, 2019
Industrial output fell 0.2% on an annual basis in June, contrasting May’s 0.2% increase.
Romania: NBR stays put in August
August 5, 2019
On 5 August, the National Bank of Romania (NBR) kept the policy rate unchanged at 2.50%, while also leaving the deposit facility rate at 1.50%, the lending facility (Lombard) rate at 3.50% and maintaining the reserve requirements on both leu- and foreign currency-denominated liabilities.
Romania: Industrial output slows in May
July 12, 2019
Industrial output rose 0.2% on an annual basis in May, decelerating from April’s 1.4% increase.
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