Gross domestic product
The future of the world economy is yet again becoming more precarious. Germany, Europe's largest economy, appears to be heading for a recession, while at the same time political developments in Italy, where there is an increased likelihood that the coalition government could imploded, have triggered yet more insecurity.
Romania's Q1 2019 government deficit is 0.5 percent of the Gross Domestic Product (GDP), while the percentage reported on Friday by Eurostat of 4.5pct of GDP quarterly is calculated against the seasonally adjusted ESA balance by reference to the quarterly GDP, according to the Romanian Ministry of Public Finance (MFP).
Romania's Q1 2019 Gross Domestic Product (GDP) was 1.3pct higher in real terms than Q4 2018 GDP, and 5pct, both unadjusted and adjusted for seasonality, over Q1 2018, according to provisional data released on Monday by the National Institute of Statistics (INS).
Prime Minister Viorica Dancila had a meeting at the Victoria Governmental Palace on Thursday with the IMF expert delegation, headed by International Monetary Fund (IMF) mission chief for Romania and Bulgaria Jaewoo Lee, which is currently paying the annual visit for the evaluation of the macroeconomic situation, a procedure of periodical consultation with the national authorities.
Over the first quarter of 2019, Bulgaria's GDP has gone up by 3.5 percent, the National Statistical Institute says.
The Gross Added Value in the economy has gone up by 3 percent, export of goods and services is up by 3.9 percent. The country's GDP amounts to 12,606 million euro in current prices or 1,801 euro per capita of the population.
The European Commission rang a resounding alarm bell in its quarterly enhanced fiscal surveillance report on the Greek economy that was released yesterday.
Despite the use of tempered language so as not to appear to intervene in Greece's general election campaign, the Commission's concerns about a prospective fiscal derailment are perfectly clear.