Romania's economy sees modest growth of 0.9% in 2024
<p>Romania's economy expanded by 0.9% year-over-year in 2024, according to flash estimates published on Friday, February 14, by the statistics institute <a href="https://insse.ro/cms/sites/default/files/com_presa/com_pdf/pib_tr4r2024.pdf" rel="noopener" target="_blank">INS</a>. The figure is below the forecasts of the European Commission and the IMF.</p>

<p>In the fourth quarter of 2024, the economy grew by 0.7%, both on a gross basis and seasonally adjusted, compared to the same period in 2023. Meanwhile, compared to the third quarter of 2024, the GDP increased by 0.8% in real terms, <a href="https://www.zf.ro/banci-si-asigurari/ce-spun-primele-cifre-de-la-ins-despre-evolutia-economiei-in-2024-22694573" rel="noopener" target="_blank">Ziarul Financiar</a> reported.</p>

<p>The economic performance in 2024 falls short of the expectations set by the European Commission and the International Monetary Fund (IMF).&nbsp;</p>

<p>In November 2024, <a href="https://www.romania-insider.com/european-commission-romania-economy-forecast-2024" rel="noopener" target="_blank">the EC forecasted a real GDP growth for Romania in 2024 of up to 1.4%</a>, down from the 3.3% it had projected in the spring. The IMF also revised its forecast for Romania's economic growth in 2024, from 2.8% in April to <a href="https://www.romania-insider.com/imf-lowers-romania-growth-forecast-2024" rel="noopener" target="_blank">1.9% in its October report</a>.</p>

<p><i>irina.marica@romania-insider.com</i></p>

<p><i>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Alexandru Marinescu/Dreamstime.com</a>)</i></p>