Quarter by quarter Romania’s economic growth is out of the coma! 1,4 percent growth in Q2, highest in EU

Romanian’s GDP grew by 4 percent in the first half of 2018, compared to H1 2017. In the second quarter the economy grew by 1,4 percent compared to the first quarter of 2018, according to The National Institute of Statistics (INS).

Compared to the first quarter of 2017, the GDP grew by 4,1 percent on gross series and 4,1 percent on seasonally adjusted series.

In the first three months of 2018 the GDP grew by 0,1 percent compared to the last quarter of 2017.   Compared to the first quarter of 2017 the growth was of 4 percent on gross series and 4,2 percent on seasonally adjusted series.

According to Eurostat data the GDP growth in the EU was 0,4 percent in the second quarter of 2018 compared to the first quarter of 2018.

Among state members, the highest economic growth was registered by Romania (1,4 percent), Slovakia and Sweden (1 percent), Poland, Hungary and Litany (0,9 percent).

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In H1 2018 the GDP grew by 4 percent compared to H1 2017 on gross series and 4,2 percent on seasonally adjusted series. The economic spring forecast published at the beginning of May by the European Commission, the estimates regarding the economic growth of Romania was kept at 4,5 percent for 2018, and at 3,9 percent for 2019.

World Bank just announced that the Romanian economy will grow by 5,1 percent in 2018, and warned that this growth is beyond potential. The International Monetary Fund estimates a 5 percent growth in 2018 and EBRD estimates a 4,6 percent GDP growth in 2018.

The National Commission of Forecast estimates a 6,1 percent GDP growth for 2018, and 5,7 percent for 2019. IN 2017 the economic growth was at 6,9 percent compared to 2016.