Bi-Weekly Report 3 – 16 March 2020


GDP growth rebounded in Q4:19 (up 4.3% y-o-y), bolstered by fiscal stimulus

COVID-19 pandemic hits Romania at a time of limited fiscal flexibility



Economy maintains a steady, though modest, growth rate in Q4:19 (up 2.9% y-o-y)

Economic growth is set to moderate sharply in the aftermath of the COVID-19 outbreak, but become more balanced



The NBS unexpectedly proceeded with a 50 bp cut to its key policy rate, amid COVID-19 concerns

Following significant tightening over the past years, the fiscal stance remained expansionary for a 2nd consecutive year in FY:19

Increased spending to counter the impact of COVID-19 is set to push the FY:20 Budget above its deficit target of 0.5% of GDP



Bi-Weekly Report 3 – 16 March 2020

Contact Us

We are always ready to respond to your requests for information or to answer your questions about our products and services.

Request more information

Please complete the following details so we can provide you the information you need. In case of fraud, please contact our call center directly at 210 484 8484.
Optional custom content that replaces the the entire default content.