Romania

Economic growth is even stronger than last year, and could reach 4.2% in 2019, driven by household consumption and investment. Monetary and fiscal policy remains loose. Expanding deficits can be easily financed due to abundant international liquidity, albeit at a relatively high cost, constituting a burden for the future. Weaker external demand is already feeding through to industrial production, and will act as a barrier to growth in the future. We expect the interim government to take steps to curtail the fiscal deficit in 2020.

map Romania
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons197021958719466...
GDP, real change in %4.87.14.04.23.33.0
GDP per capita (EUR at PPP)174001880020000...
Gross industrial production, real change in %3.17.93.5...
Unemployment rate - LFS, in %, average5.94.94.23.83.73.7
Average gross monthly wages, EUR626705936...
Consumer prices, % p.a.-1.11.14.14.03.53.5
Fiscal balance in % of GDP-2.6-2.6-3.0...
Public debt in % of GDP37.335.135.0...
Current account in % of GDP-2.1-3.2-4.6-5.2-5.0-4.9
FDI inflow, EUR mn565652256205...
Gross external debt in % of GDP54.551.949.2...


Basic data are continuously updated.

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

publication_icon

ROMANIA: New government to initiate fiscal consolidation

Gabor Hunya
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 101-104
Details and Buy

publication_icon

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


top