Eurostat: Romania to register the highest GDP growth in the EU in Q3

In early November, Romania recorded the highest GDP growth in the European Union (EU) in the third quarter of this year, of 1.9 per cent, in comparison with the previous quarter, ranking second after Poland, according to Eurostat as quoted by Mediafax

2014-12-01 12:30:20 - From the Print Edition

The National Institute of Statistics of Romania reviewed the previously published data about the Romanian economy, so that Romania has avoided entering into technical recession as the GDP in the first quarter rose by 0.5 per cent, compared with a decrease of 0.1 per cent announced in the last review, while the decrease in the second quarter was only of 0.3 per cent.
The data published by Eurostat in August indicated that Romania′s GDP declined by one per cent in the second quarter and 0.2 per cent in the first quarter, which meant entering into technical recession. In the ranking of the highest increases in the third quarter compared to the second quarter, Romania is followed by Poland with 0.9 per cent, Greece with 0.7 per cent, United Kingdom (UK) with 0.7 per cent and Slovakia with 0.6 per cent. Compared with the third quarter of 2013, Romania′s economy recorded the second biggest advance in the EU, at 3.3 per cent, after Poland with 3.4 per cent. Behind Romania is the UK with an increase of 3 per cent, Hungary with 3.1 per cent and Lithuania with 2.6 per cent. Germany, the largest economy in the EU grew by 0.1 per cent of GDP in the third quarter versus the previous quarter and 1.2 per cent over the third quarter of 2013.EU economy has advanced in the third quarter by 0.3 per cent compared to the period from April to June and by 1.3 per cent compared to the third quarter of 2013.