GDP
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Romania Prognosis Commission Sees GDP Growth At 2.6% In 2014, 2.5% In 2015
Romania’s prognosis commission, or CNP, estimates the country’s economic growth at 2.6% this year and at 2.5% in 2015, similar to its spring forecasts of 2.5% for this year, and 2.6% for 201...
Romania's GDP Rises 1.9% In Third Quarter
Romania’s economy performed better than expected in the third quarter, according to official data released Friday, after a poor outing earlier in the year.
BCR Revises Down Romania’s 2014 GDP Growth Forecast To 1.8%
Romania’s largest lender Banca Comerciala Romana, or BCR, revised downwards its forecast on Romania’s economic growth to 1.8% in 2014 and 3% in 2015, due to the very low public investments a...
ZF Expert: Romania Needs Consumption And Investments
Romania cannot hope for annual economic growth of 5% in the next ten years in the lack of consumption and investments. This was one of the conclusions of last week’s ZF Expert meeting that w...
Romania’s Economy Cannot Grow More Than 2-3% In 2014, Minister Says
Romania’s economic growth rate cannot be higher than 2-3% this year due to the macroeconomic context, state-run companies lacking technological upgrades and firms having difficulty contracti...
Romania’s GDP Performed Slightly Better Than Expected In 2Q, But Economy Still In Recession
The decline of Romania’s gross domestic product in the second quarter was slightly smaller than expected, revised data from the country’s statistics institute INS showed Wednesday.
IMF Cuts Romania's GDP Growth Forecast To 2.4% In 2014
The International Monetary Fund revised downwards its forecast on Romania’s economic growth to 2.4% in 2014, versus a 2.8% increase seen in June, according to the World Economic Outlook repo...
Coface Sees Romania GDP Growth At 2.5% In 2014
Coface ratings agency forecasts Romania's economic growth rate at 2.5% in 2014, closer to the forecasted CEE average growth rate of 2.4%, but one percentage point below 2013 GDP growth, as a...
Second Quarter GDP Contraction Driven By Weak Performance In Construction, Retail
Romania’s economy contracted for the second consecutive quarter in the April-June period, driven by poor performance in constructions, industry and an unexpected fall in retail trade, offici...