Monday , June 14 2021

Romania's economy grew by 4.3% in the third quarter



Analysis, economy, deficit<! – Analysis, economy, deficit ->

Romania's economy grew by 4.3% in the third quarter of this year compared to the same period last year, according to the initial estimates published by the National Institute of Statistics (INS), news.ro.

Compared with the same quarter of 2017, GDP grew by 4.3% and seasonally adjusted series by 4.1% in the third quarter.

According to INS, GDP in real terms increased by 1.9% compared to the previous quarter.

In the first nine months of the year, GDP increased by 4.2% compared to the same period last year, both in series and seasonally adjusted series.

At the same time, the INS revised up from 100.1% to 100.3% in the first quarter of 2018 compared to the fourth quarter of 2017 and the results of the second quarter of 2018 in comparison with the first quarter of 2018 increased from 101.4% to 101.5% up to

In October, INS increased by 4.1% in Q2 compared to the previous quarter.

In November, the European Commission (EC) has revised its growth forecast for Romania in terms of estimating the budget deficit growth of over 3%, from 4.1% to 3.6%. increased public sector wages and pensions.

Also in November, the National Strategy for Strategy and Forecasting (CNSP) reduced the gross domestic product growth from 5.5% to 4.5% in 2018.

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Seymour Hersh, Pulitzer Prize Laureate


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