Population in Romania
Romania - PopulationDespite starting 2020 on a healthy note, the economy has been derailed by the coronavirus outbreak and the country-wide lockdown introduced in late March to curb its spread. In particular, consumer spending, which has been the main driver of growth in recent years amid rapid wage increases and low unemployment, will be pummeled due to the state of emergency that was extended until 15 May. And although the government will begin relaxing containment measures from then onwards, domestic demand is likely to remain suppressed. Meanwhile, in the latter half of April, Fitch Ratings and Moody’s retained the country’s credit rating at the lowest investment grade of BBB- and Baa3, respectively, but downgraded their outlook from stable to negative due to deteriorating fiscal metrics. The government’s economic response to the pandemic, coupled with weaker revenues, has reduced the possibility that the 40% pension hike scheduled for September will go through, though uncertainty still abounds and will remain under close market watch ahead.
Romania - Population Data
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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June 12, 2020
Consumer prices rose a seasonally-adjusted 0.1% over the last month in May, a smaller increase than April's 0.3% rise.
June 12, 2020
Industrial output fell 38.6% year-on-year in April (March: -14.5% yoy) marking the sharpest contraction on record.
June 9, 2020
A second reading confirmed economic activity waned in the first quarter, with GDP growth moderating to 2.4% year-on-year, down from Q4’s 4.3% expansion.
May 29, 2020
In an unscheduled meeting held on 29 May, the National Bank of Romania (NBR) cut the policy rate by 25 basis points to 1.75% and the lending facility (Lombard) rate by 25 basis points to 2.25%.
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.