ECONOMY FINANCE&BANKING

Romania’s GDP growth at 5.2pct in H1 2016, 6pct in Q2 2016 YoY

Romania’s Gross Domestic Product (GDP) advanced 5.2 percent in unadjusted terms and 5 percent in seasonally adjusted terms in H1 2016 compared with H1 2015, as it increased by 1.5 percent in Q2 2016 from Q1 2016 and 6 percent in Q2 2016 from Q2 2015, according to data with the National Institute of Statistics (INS) released on Friday.

Seasonally adjusted, the Q2 2016 was 5.9 percent over Q2, 2015 figures.

In Q1 2016, the GDP was up 4.3 percent from the first quarter of 2015 and 1.6 percent from the previous quarter.

In its spring economic estimates, the European Commission said the Romanian economy was expected to increase by 4.2 percent in 2016 on robust domestic demand, while in 2017 the growth pace should slow down to 3.7 percent.

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