The Romanian economy increased by 1.9 percent in the third quarter of this year compared to the previous one and by 3.3 percent compared to Q3 2013 (seasonally adjusted series), according to estimates released on Friday by the country’s National Institute for Statistics (INS). In the first nine months of 2014 Romania’s GDP increased by 3.1 percent y-o-y.
INS also announced that it has updated the data for the first and second quarters thus resulting that the Romanian economy did not fall into technical recession.
“After revising the gross and seasonally adjusted series according to the European System of Accounts (ESA) 2010, the GDP decreased by 0.3 percent in Q2 2014 compared to Q1 2014 and in Q1 2014 it increased by 0.5 percent against Q4 2013,” reads the institute’s press release.
INS has previously announced that the GDP dropped by 0.1 percent in Q1 and 0.9 percent in Q2.
Simona Bazavan