Macroeconomics
Romania’s GDP Growth Reconfirmed At 0.3% On Quarter In 1Q/2020
Romania’s gross domestic product (GDP) grew by 0.3% in real terms in the first quarter of 2020 compared with the fourth quarter of 2019, provisional (2) estimates from the country's statisti...
World Bank Promotes Romania to High Income Group
The World Bank has reclassified Romania as a high-income country from the upper-middle income category after incorporating 2019 data.
Romania Unemployment Rate Spikes to 5.2% in May
Romania's seasonally adjusted unemployment rate grew to 5.2% in May from 4.8% in April, data from the country's statistics board showed Thursday.
Romania's Forex Reserves Drop to EUR35.002B in June
Romania's foreign exchange reserves dropped to EUR35.002 billion at the end of June from EUR35.646 billion at the end of May, central bank data showed Wednesday.
BT Analyst: Romania’s Economy May Grow Over 2.5%, Leu Depreciates, Financing Costs Decrease
Romania’s economy has the potential to grow at an annual average rate of over 2.5% in 2020-2022 interval, a scenario backed by a mix of economic policies in the European Union and in Romania...
Alexandru Reff, Deloitte: Romania’s Economic Contraction May Be Deeper Than International Institutions’ Forecasts
International institutions’ latest forecasts regarding the evolution of the Romanian economy may prove optimistic, considering that more robust economies, such as Italy’s and Germany’s, are...
Romania's Budget Gap Widens to 3.59% of GDP in Jan-May
Romania's general consolidated budget posted a deficit of RON38.84 billion in January-May, or 3.59% of the gross domestic product, nearly half of which was due to tax facilities and incentiv...
Romania Unemployment Rate Hits 4.3% in 1Q/ 2020
Romania's seasonally adjusted unemployment rate stood at 4.3% in the first quarter of 2020, from 3.9% in the fourth quarter of 2019 and 4.1% in the first quarter of 2019, data from the count...
IMF Sees Global Economy Contracting 4.9% from 3% Forecast in April
The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World Economic Outlook forecast released Wednesday.