GDP
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Romania Revises 2012 GDP Growth Forecast Downwards To 1.7%
The revision of the economic growth forecast to 1.7% is the first official acknowledgement that the gross domestic product this year will be lower than the expectations in 2011, around which...
Analysts: Romania’s Economy To Shrink In 1Q, Recovery Expected In 2Q
Financial analysts and stock brokers believe Romania’s economy will contract in the first quarter of the year, as Europe faces an economic slowdown and the bad weather last month took a toll...
Romania Revises Up 2012 GDP Forecast To RON609B
Romania’s Finance Ministry has revised upward its forecast on the gross domestic product to around 609 billion lei (EUR140 billion) in 2012, from RON580 billion previously, state secretary G...
Romania's Economy May Slip Into Technical Recession In 1Q, FinMin Says
Romanian Finance Minister Bogdan Dragoi Friday estimated the country’s economy has slipped back into technical recession in the first quarter, hit by bad weather.
Boc Government Failed To Collect EUR2.3B In Budget Revenue
The National Statistics Institute announced a gross domestic product of 578 billion lei (EUR133 billion) in 2011, RON31 billion higher than the level used for building last year's budget.
Romania 2011 GDP Growth Fueled By Agriculture, Industry
Romanian gross domestic product grew at an annual rate of 2.5% in 2011, benefiting from a very good agricultural year and steady industrial performance, the country’s statistics institute IN...
EU Cuts Romania GDP Growth Outlook To 1.6% In 2012
The European Commission revised its forecast on Romanian economic growth to 1.6% in 2012 from 2.1% previously, saying it expects growth to be negatively affected by uncertainties in the fina...
Prospects Of New Recession Cloud Good News Of Economic Growth In 2011
The good news of Romania’s 2.5% gross domestic product growth last year is clouded by the prospects of a new recession, as a GDP decline is expected for the first quarter of 2012.
Romanian Economy Grew By 2.5% In 2011
Romanian economy expanded at an annualized rate of 2.5% in 2011, after a decline of 1.3% in the previous year, a flash estimate of the country’s statistics institute showed Tuesday.