Romania’s economy grows by 4.3% in the first quarter

Romania’s gross domestic product (GDP) increased by 4.3% in the first quarter of 2015 compared to the same quarter of last year. The seasonally adjusted growth rate was 4.2%, according to data released by the National Statistics Institute (INS) on Wednesday, May 13. Important growth was also registered by Hungary (3.1 per cent), Slovakia (2.9 per cent), and Spain (2.6 per cent). Romania tops the list from the point of view of the quarterly growth too, with a quarter-on-quarter growth of 1.6 per cent in Q1. Moreover, Romania recorded the third consecutive quarterly increase. These are the first estimates on economic growth presented by the INS for the first quarter of 2015. The release doesn’t say which economic sectors contributed to this growth. Source: romania-insider.com, nineoclock.roTags: , ,