GDP in Romania
Romania - GDP (billions of Euros)
Economic growth moderates in the third quarter
The economy continued to grow, albeit at a softer pace, in the third quarter. GDP expanded 7.2% year-on-year, decelerating from the 13.9% jump recorded in Q2 amid a waning base effect.
Underlying momentum also lost steam as the economy expanded 0.3% on a seasonally-adjusted quarter-on-quarter basis in Q3. This was down from the 1.5% increase recorded in the second quarter.
A detailed breakdown of national accounts data for the third quarter will be released on 7 December.
Commenting on the outlook, Valentin Tataru, chief Romania economist at ING, noted:
“All things considered, we lower our GDP growth forecast for 2021 to 6.5% and maintain a mildly optimistic estimate of 4.5% for 2022. The risks for next year’s growth outlook are slightly skewed to the downside given the slowing economic momentum and marginally higher (but still deeply real negative) interest rates.”
FocusEconomics Consensus Forecast analysts see GDP expanding 4.9% in 2022, which is unchanged from last month’s forecast. For 2023, analysts see growth at 4.7%.
Romania - GDP (EUR bn) Data
|GDP (EUR bn)||160||171||188||204||223|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||4.49||0.23 %||Dec 31|
|Exchange Rate||4.26||-0.34 %||Dec 31|
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Romania: Romania’s new coalition government ends political crisis but raises concerns over fiscal consolidation
November 25, 2021
On 25 November, following two failed attempts, Nicolae Ciuca’s new coalition government won more than 70% of the vote in parliament, putting an end to nearly three months of political crisis after the fall of Florin Cî?u’s coalition government in early September.
November 17, 2021
The economy continued to grow, albeit at a softer pace, in the third quarter.
November 12, 2021
Industrial output tumbled to 3.3% in annual terms in September, contrasting the prior month’s 0.2% increase and logging the worst print in over a year.
November 11, 2021
Consumer prices soared 1.78% over the previous month in October, coming in well above September’s 0.84% rise and logging the highest print since May 2005.
November 9, 2021
At its 9 November meeting, the last for the year, the National Bank of Romania (NBR) raised the policy rate to 1.75% from 1.50%.