Romania

Strong economic growth in the first quarter of 2019 came as a surprise and has prompted an upward revision of the wiiw forecast to 4.1% for the current year. The government has eased the rules of extra taxes on the financial sector which improved economic expectations. But manufacturing production and exports are losing steam due to sluggish foreign demand and increasing unit labour costs. Fiscal and current account deficits are rising but manageable with an expected consolidation in 2020 at the latest.

map Romania
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons197021958719500...
GDP, real change in %4.87.04.14.13.63.3
GDP per capita (EUR at PPP)174001880019900...
Gross industrial production, real change in %3.17.93.5...
Unemployment rate - LFS, in %, average5.94.94.23.83.84.0
Average gross monthly wages, EUR626705964...
Consumer prices, % p.a.-1.11.14.14.03.03.0
Fiscal balance in % of GDP-2.7-2.7-3.0...
Public debt in % of GDP37.335.235.0...
Current account in % of GDP-2.1-3.2-4.5-4.8-4.6-4.7
FDI inflow, EUR mn565652255801...
Gross external debt in % of GDP54.551.949.0...


Basic data are continuously updated.

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

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Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure

Details

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ROMANIA: Who pays the bill for fiscal loosening?

Gabor Hunya
in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 124-127
Details and Buy


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