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BT Analyst: Household Saving Rate At Record High In 2020, Averaging 16.9% In Jan-Sept Under Pandemic Impact
The household saving rate reached on average 16.9% (a record high) between January and September 2020, higher by 2.3 percentage points compared with the average recorded in 2019, stated Andrei Radulescu, macroeconomic analysis director with Banca Transilvania.
Construction Volume Up 19% In 1H/2020; BT Sees Construction Sector As One Of Most Dynamic Of Post-Pandemic Economic Cycle
The total volume of constructions in Romania grew 19% on the year in the first half of 2020, an evolution backed by engineering construction (infrastructure), which grew 30%. Nevertheless, t...
Analysts Doubt Government Figures, Expect Economic Downturn To Be Worse
Economic analysts believe the government forecast of an economic decline of merely 1.9% is overly optimistic. As a result, the budget deficit, 6.7% of the GDP as the government sees it, will...
Romania to See Economic Growth of 2.6% to 3.5%, Leu to Lose Ground Against Euro in 2020
Economic analysts expect economic growth of 2.6% to 3.5% for Romania and a leu depreciation of 2% to 4% in 2020, mainly due to the worsening of the budget and current account deficit.
Analyst: Consumer Lending Growth, An Alarming Trend
Consumer lending will continue to register an important growth and can even reach 20% on an annualized basis, which is an alarming trend, according to financial analyst Dragos Cabat.
Negative Interest Rates Gaining Ground. Will They Reach Romania?
Negative interest rates have become some kind of dominoes of the central bank elite where if one piece falls, the other do.
Analyst: Romania Could See Economic Growth Of Over 5% This Year
Romania’s economy might grow by more than 5% this year, as a result of the latest economic developments and the continued rise in consumer spending, Andrei Radulescu, senior economist with B...
Surprise Q3 GDP Growth Takes Romania's Economic Growth Close To 3%
Economic growth was close to 3% nine months into the year compared with the same period of 2013, following the surprising increase in the gross domestic product in the third quarter largely...
Financial Analysts’ Confidence In Romanian Economy At Its Highest
Financial analysts’ confidence in Romania’s economy reached a new all-time high in April, prompted by positive expectations about its performance in the coming period and the evaluation of t...