Romania: Disappointing Second Quarter Output Performance | Eurobank
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  • Romania slipped again into technical recession on disappointing second quarter GDP growth reading 
  • GDP growth decelerated sharply to 1.2% on a yearly basis in Q2-2014 down from 3.9% in Q1-2014, driven by the weak performance of investments
  • The subdued inflation outlook, the persistent negative output gap and the restrictive credit conditions may trigger further 50 bps NBR interest rate cuts by year-end