Romania

In 2015 economic growth accelerated. In 2016 GDP will expand further by some 4%. Private consumption will enjoy a pro-cyclical boost thanks to tax-cuts and wage increases in the public sector, while fixed investments will also recover. For the most part, the impact of the fiscal stimulus will be short-lived; economic growth may well slow down in 2017.

map Romania
        FORECAST*
Main Economic Indicators201320142015201620172018
Population, 1000 persons.199841990919846...
GDP, real change in %3.53.03.84.03.23.5
GDP per capita (EUR at PPP)144001520016200...
Gross industrial production, real change in %7.96.12.8...
Unemployment rate - LFS, in %, average7.16.86.86.56.36.0
Average gross monthly wages, EUR489524568...
Consumer prices, % p.a.3.21.4-0.4-1.02.02.5
Fiscal balance in % of GDP-2.1-0.9-0.7...
Public debt in % of GDP38.039.838.4...
Current account in % of GDP-1.1-0.5-1.1-2.5-2.5-3.0
FDI inflow, EUR mn289429313499...
Gross external debt in % of GDP68.063.156.1...


Basic data are continuously updated.

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

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Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure

Details

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ROMANIA: Pro-cyclical fiscal loosening

Gabor Hunya
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, , pp. 109-113
Details and Buy


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