September 21, 2018

RBI: Romania’s GDP slowed down in Q2

According to data, real GDP expanded by 0.3% quarter-on-quarter in 2013. This is the smallest quarterly growth rate in the last three quarters. In annual terms, real GDP decelerated to 1.3% in 2Q from 2.2%. The slowdown was visible in monthly released data. After consumption and investments have contracted in Q1, retail sales, construction output, public budget execution and imports dynamics (-2.1% quarter-on-quarter) hint that domestic demand remained weak in Q2. Industry and exports lost momentum in the second quarter after the strong performance from Q1, but probably they have continued to support GDP growth in Q2. The details will be released on 4 of September.
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