Romanias Q2 GDP up by 0.3-0.4% q/q government.

By bne IntelliNews August 1, 2011
The Romanian government estimated that the Q2 GDP increased by 0.3-0.4% q/q, easing from the 0.7% q/q advance in Q1, but remaining positive for a third consecutive quarter, Mediafax reported. The annual growth has also declined to 1.5% y/y from 1.7% y/y in Q1. The government projected that the full-year GDP would edge up by 1.5% y/y against last years 1.3% y/y contraction and confirm the countrys economic stabilisation after the sharp 7.1% contraction in 2009. According to Mediafax, the government has also informed that the IMF maintained its 1.5% projection for this years growth while downgrading by 0.2pps the 2012 forecast to 3.7%. Separately, the government projected a 4.8% y/y year-end inflation . The adjustment announced by the government in its inflationary expectations is not surprising as the consensus projections moved upward through H1 and the central bank upped the year-end projection to 4.9% y/y.

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss