International Reserves in Romania

Romania International Reserves | Economic News & Forecasts

Romania - International Reserves

Economic activity moderated in the fourth quarter of 2018, with growth for 2018 as a whole well below 2017’s expansion. Strong retail sales in the quarter suggest consumer spending was again in the driver’s seat, supported by a tight labor market, declining inflation and robust wage rises. On the other hand, the industrial sector languished in Q4, affected by pronounced weakness in the industrial sector in the EU and by sluggish foreign demand. On the political front, in mid-February, parliament approved the 2019 budget, which targets a fiscal deficit of 2.8% of GDP and projects GDP growth of 5.5% for the year. Many analysts consider both projections to be optimistic and also warn against risks of budgetary slippage. Meanwhile, recent plans to relax anti-graft laws and the newly introduced tax on banks prompted the European Commission to urge the country to resume the reform drive.

Romania - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (EUR)32.5  32.2  32.2  34.2  33.5  

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Romania International Reserves Chart

Romania International Reserves
Note: International reserves in months of imports.
Source: National Bank of Romania.

Romania Facts

Bond Yield4.750.23 %Mar 11
Exchange Rate4.23-0.34 %Mar 11
Stock Market7,936-0.59 %Mar 11

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