Advance of Romanian economy slows down to 4.1pct in 2018

The advance of the Romanian economy slowed down to 4.1 pct in 2018, from 7 pct in the previous year, according to the alarm estimates published on Thursday by the National Institute of Statistics (INS).

The INS data show an increase in Gross Domestic Product (GDP) below the National Commission for Strategy and Prognosis (CNSP) estimates, which showed an advance of 4.5 pct for the Romanian economy in 2018.

In the last quarter of last year, the Romanian economy slowed its growth to 0.7 pct (seasonally adjusted series), from 1.7 pct in the third quarter versus the second quarter. Compared to the same period in 2017, the Gross Domestic Product grew by 4.1 pct as the gross series and by 4 pct as seasonally adjusted series.

The European Commission has recently shown in the interim winter economic forecasts that the economic boom that began in Romania in 2017 has moderated in 2018. The real growth of the GDP has shrunk from 7 pct in 2017 to an estimated level of 4 pct in 2018, the European Executive was saying.

Minister of Public Finance Eugen Teodorovici told AGERPRES on Tuesday that he has asked the European Commission to include in its reports both the forecasts regarding the developments of the economies and the final results recorded by the European states.AGERPRES(RO - author: Andreea Marinescu, editor: Mariana Nica; EN - author: Simona Iacob, editor: Maria Voican)