WOOD Flash – Romania macro: not stopping until something forces it to
The preliminary estimate of 1Q GDP showed that the economy grew by 5.0% yoy in 1Q19, following 4.1% growth in 4Q18, and significantly above the market consensus of 4.1%. This is the strongest acceleration in GDP growth since 4Q17. On a quarterly basis, GDP growth was recorded at 1.3%, from 0.9% in 4Q18, again much above the qoq consensus of 0.3% (mean: 0.3%; high: 0.7%; low: 0.0%).
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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