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PM Dancila: Official statistics prove Gov’t measures right, economic growth sustainable

Data with the National Institute of Statistics (INS) suggesting that Romania’s economic growth sped up significantly in Q3 2018, having advanced 1.9pct compared with Q2 2018, indicate that the measures taken by the government are correct, Prime Minister Viorica Dancila said at the beginning of a Gov’t meeting on Thursday.

“Data released yesterday by the National Institute of Statistics indicate that the measures taken are right. According to INS, in the third quarter Romania’s economic growth accelerated significantly, by 1.9pct compared with the second quarter of 2018, which puts us in the first place in the EU. The quarterly economic growth in the EU was only 0.3pct overall, which highlight even more the economic development in Romania. Consequently, the actual economic growth in the third quarter of 2018 was up 4.3 percent from the third quarter of 2017. If we take into account the data with INS showing a 9-pct growth in exports in the third quarter and bumper crops, we can conclude that this growth is sustainable and is the result of the measures taken by the government of Romania,” said Dancila.

She added that a second positive signal is “annual inflation down to the lowest level this year, at 4.25 percent in October 2018, from 5.03 percent in September 2018”.

“There are official data showing that the government was right and the opposition, the analysts or, more seriously, public bodies were wrong, backed by irrefutable arguments,” said Dancila.

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