Romania GDP expands at the fastest rate in EU

Newsroom 14/02/2014 | 13:20

The Romanian economy grew at the fastest pace in the European Union in the fourth quarter of 2013 compared with the previous three months, official data showed Friday, quoted by Mediafax.

Euro zonge GDP went up 0.3 percent in the last quarter of 2013, exceeding expectations, and the EU economy grew by 0.4 percent. Analysts estimated a 0.2 percent growth for the EU zone.

Quarterly economic growth gre by o.1% in the third trimester, after 18 months of recession. July-seoptember saw a GDP increase of 0.3 percent compared to the second quarter.

Out of all the European economies, Romania registered the best results, over the 4th quarter but also overall for 2013. France and Germany’s economies also performed better than expected.

French government figures indicated the country’s economy grew by 0.3% in the last three months of 2013. The German economy also notched up higher growth in the October-to-December period, writes BBC.

The country’s GDP expanded by 0.4% in the final quarter of 2013, after seeing growth of 0.3% in the previous three months, according to the federal statistics office, Destatis.

Better than expected: 3.5 percent growth for Romania’s economy