Macroeconomics
KPMG: Global Economy Continues To Face Uncertainty
The outlook for the global economy has taken a positive turn in the first half of 2023 as inflationary pressures began to ease, but the most recent KPMG forecast shows that ongoing geopoliti...
Romania Industrial Sales Grow 7% YoY In February 2023
Romania’s industrial sales (on the domestic and external markets) rose by 7% in February 2023 from February 2022 and by 6.2% in nominal terms in February 2023 versus January 2022, data from...
Romania Industrial Production Down 5% YoY In Jan-Feb 2023
Romania’s industrial production decreased by 5% in January-February 2023 due to drops in electricity, thermal energy, gas, steam and air conditioning production and supply (-12.3%), mining i...
Romania's Current Account Deficit Shrinks 17% YoY To EUR2.61B In Jan-Feb 2023
Romania's current account balance posted a deficit of EUR2.61 billion in January-February 2023, lower by 17% than EUR3.15 billion in the same period of 2022, central bank data showed on Thur...
Romania Annual Inflation Drops To 14.5% In March 2023
Romania's annual inflation rate fell to 14.5% in March 2023 after reaching 15.5% in February 2023 and 15.1% in January 2023, data from the country's statistics board INS showed on Thursday (...
Romania Average Net Salary Edges Up 0.4% In Feb 2023 Vs Jan 2023
The average net salary in Romania increased by 0.4% in nominal terms in February 2023 compared with January 2023, to 4,270 (EUR866), data from the country's statistics board INS showed on We...
IMF Revises Romania’s Economic Growth Forecast Downwards to 2.4% in 2023
The International Monetary Fund (IMF) has revised the real economic growth projection for Romania downwards to 2.4% from the 3.1% estimated in the fall, its latest `World Economic Outlook’ r...
Romania’s Trade Deficit Shrinks 5% YoY To EUR4.38B In Jan-Feb 2023
Romania's trade balance posted a deficit of EUR4.38 billion in January-February 2023, lower by EUR232 million (-5%) compared with Jan-Feb 2022, data from the country's statistics board INS s...
INS: Romania Retail Sales Grow 3.9% YoY In Jan-Feb 2023
Retail sales volume in Romania, excluding vehicle and motorcycle sales, increased by 3.9% in unadjusted data in January-February 2023 compared to the same period of 2022 due to sales of food...