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Irina Marica
Senior Editor

Irina holds a BA in Journalism and has been part of the Romania-Insider.com team since its early days in 2011. She likes to keep the Romania-insider.com readers informed every day. Irina reports on various topics, on a wide range of areas such as politics, social or entertainment. She also writes travel or leisure articles, as well as interviews. She splits her time between Sinaia, her hometown, and Bucharest. Being born and raised in a mountain town, Irina loves spending time in nature, but she also likes to read, write, listen to music, travel, teach her dog new tricks and listen to other people’s stories (so don’t hesitate to contact her for an interview if you have an interesting story that you want to share with the Romania-insider.com readers). She dreams to visit Iceland one day and maybe get to see the Arctic Monkeys play live.  You can send her press releases or feedback on her stories by emailing irina.marica@romania-insider.com.

 

Romania’s economy accelerates in the third quarter

Romania’s gross domestic product (GDP) increased by 4.3%, as a gross series, in the third quarter of 2018 compared to the same period of 2017, according to the flash estimate published on Wednesday, November 14, by the National Institute of Statistics (INS). In seasonally adjusted terms, the increase was of 4.1%.

Compared to the previous quarter, the GDP grew in real terms by 1.9%, according to INS.

In January-September, the economy increased by 4.2% both as a gross series and in seasonally adjusted terms, compared to the same period last year.

The National Strategy and Prognosis Commission – CNSP reduced in its autumn forecast the estimation on Romania’s real economic growth this year, from 5.5% to 4.5%. The forecasts provided by CNSP are used by the government in its budgeting process.

Meanwhile, the European Commission and the International Monetary Fund (IMF) have also significantly cut their economic growth estimates for Romania recently.

In 2017, Romania’s economy increased by 6.9%, the highest economic growth rate in Europe. Industry had a share of 24.2% in the GDP, followed by the trade sector (18.6%) and the public sector (11.8%).

EBRD cuts economic growth forecast for Romania

Irina Marica, irina.marica@romania-insider.com

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Profile picture for user irina.popescu0
Irina Marica
Senior Editor

Irina holds a BA in Journalism and has been part of the Romania-Insider.com team since its early days in 2011. She likes to keep the Romania-insider.com readers informed every day. Irina reports on various topics, on a wide range of areas such as politics, social or entertainment. She also writes travel or leisure articles, as well as interviews. She splits her time between Sinaia, her hometown, and Bucharest. Being born and raised in a mountain town, Irina loves spending time in nature, but she also likes to read, write, listen to music, travel, teach her dog new tricks and listen to other people’s stories (so don’t hesitate to contact her for an interview if you have an interesting story that you want to share with the Romania-insider.com readers). She dreams to visit Iceland one day and maybe get to see the Arctic Monkeys play live.  You can send her press releases or feedback on her stories by emailing irina.marica@romania-insider.com.

 

Romania’s economy accelerates in the third quarter

Romania’s gross domestic product (GDP) increased by 4.3%, as a gross series, in the third quarter of 2018 compared to the same period of 2017, according to the flash estimate published on Wednesday, November 14, by the National Institute of Statistics (INS). In seasonally adjusted terms, the increase was of 4.1%.

Compared to the previous quarter, the GDP grew in real terms by 1.9%, according to INS.

In January-September, the economy increased by 4.2% both as a gross series and in seasonally adjusted terms, compared to the same period last year.

The National Strategy and Prognosis Commission – CNSP reduced in its autumn forecast the estimation on Romania’s real economic growth this year, from 5.5% to 4.5%. The forecasts provided by CNSP are used by the government in its budgeting process.

Meanwhile, the European Commission and the International Monetary Fund (IMF) have also significantly cut their economic growth estimates for Romania recently.

In 2017, Romania’s economy increased by 6.9%, the highest economic growth rate in Europe. Industry had a share of 24.2% in the GDP, followed by the trade sector (18.6%) and the public sector (11.8%).

EBRD cuts economic growth forecast for Romania

Irina Marica, irina.marica@romania-insider.com

Normal
 

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