November 21, 2017

Romania sees largest economic growth in EU

The National Institute of Statistics (INS) maintains its GDP prognosis announced in November, according to which the economy has experienced a 1.6 % increase in the third quarter compared to the previous three months and a 4.1 % increase compared to July-September 2012. The nine-month growth, therefore, is 2.7 %, thanks largely to the industry and agriculture sectors. On the one hand, according to seasonally adjusted data, the Gross Domestic Product estimate for the third quarter was RON 158.11 billion current prices, up by 1.6 % in actual terms compared to the previous quarter and by 4.1 percent compared to the third quarter of 2012. At a nine-month interval, the GDP was RON 467.1 billion. On the other hand, according to raw data, the third quarter Gross Domestic Product estimate was RON 175.37 billion current prices, up by 4.1 % in actual terms compared to Q3 of 2012, resulting in a 2.7 % growth in nine months to RON 443.18 billion, Mediafax informs.

Source: Nine o’clock (read more)

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