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Irina Marica
Senior News & Features Writer

Irina holds a BA in Journalism. Her hobbies include reading, dancing, photography and she is passionate about music (especially Icelandic music), writing and Japanese literature. In the past, she has worked as an editor for an indoor-circuit TV station and also collaborated with several newspapers. You can send her press releases or feedback on her articles by e-mailing 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 News & Features Writer

Irina holds a BA in Journalism. Her hobbies include reading, dancing, photography and she is passionate about music (especially Icelandic music), writing and Japanese literature. In the past, she has worked as an editor for an indoor-circuit TV station and also collaborated with several newspapers. You can send her press releases or feedback on her articles by e-mailing 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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