Romania: Disappointing Economic Growth

Business › Economy ♦ Published: February 21, 2013; 19:13 ♦ (Vindobona)

“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.

Romania: Disappointing Economic Growth / Picture: © Vindobona.org

“However, positive dynamics was at odds with dynamics of the other short-term indicators (most of them declined in Q4). Real GDP increased only by 0.2% in 2012, but plunge in agricultural output weighed a lot on poor performance. We don’t expect a visible improvement in economic activity in Q1 2013, while we see more chances for growth to gain momentum in the second…

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