Romania

Economic growth in Romania is expected to climb to 5.7% in 2017 and to subside to 4.5% in the following two years. Household demand has boomed and investments have stagnated this year. The most recent measures aim to keep the fiscal deficit below 3% of GDP. Inflation has returned to positive figures and is bound to accelerate, putting the National Bank under pressure to hike the prime rate.

map Romania
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons199091981519699...
GDP, real change in %3.14.04.65.74.54.6
GDP per capita (EUR at PPP)153001650017200...
Gross industrial production, real change in %6.12.81.7...
Unemployment rate - LFS, in %, average6.86.85.95.04.84.5
Average gross monthly wages, EUR524575626...
Consumer prices, % p.a.1.4-0.4-1.11.03.03.5
Fiscal balance in % of GDP-1.4-0.8-3.0...
Public debt in % of GDP39.437.937.6...
Current account in % of GDP-0.7-1.2-2.1-3.0-3.3-3.5
FDI inflow, EUR mn293138855656...
Gross external debt in % of GDP63.057.454.8...


Basic data are continuously updated.

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

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ROMANIA: Economic deceleration to follow the current boom

Gabor Hunya
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 103-106
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Monthly Report No. 7-8/2017

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2017
27 pages including 1 Table and 2 Figures

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