Romania

The economy has achieved European champion rates of annual economic growth. While this gives ground for an upward revision of the 2014 forecast, one should stay cautious as the base effect will kick back in the second half of the year. Regained government confidence has led to disagreement with the IMF. We welcome the government taking full responsibility for the economic policy, but warn that administrative performance may worsen under reduced external pressure.

map Romania
        FORECAST*
Main Economic Indicators201120122013201420152016
Population, 1000 persons.201482005819981...
GDP, real change in %2.30.63.53.23.03.3
GDP per capita (EUR at PPP)129001360013900...
Gross industrial production, real change in %7.42.47.8...
Unemployment rate - LFS, in %, average7.47.07.37.27.07.0
Average gross monthly wages, EUR467463490...
Consumer prices, % p.a.5.83.43.22.03.03.0
Fiscal balance in % of GDP-5.5-3.0-2.3...
Public debt in % of GDP34.738.038.4...
Current account in % of GDP-4.5-4.4-1.1-2.0-3.0-3.5
FDI inflow, EUR mn179821272730...
Gross external debt in % of GDP75.175.867.5...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures
Details

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ROMANIA: After export boom in 2013 recovery of consumption and investments expected

Gabor Hunya
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 63-65
Details and Buy


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