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June 26, 2022
BUSINESS

Romania, Greece – the only negative GDP in Q3

Euro area GDP increased by 0.3 per cent and EU27 GDP by 0.5 per cent during the third quarter of 2010, compared with the previous quarter, according to second estimates from Eurostat. In the second quarter of 2010, growth rates were +1.0 per cent in both zones. In comparison with the same quarter of the previous year, seasonally adjusted GDP rose in the third quarter of 2010 by 1.9 per cent in the euro area and by 2.2 per cent in the EU27, after +2.0 per cent in both zones in the second quarter. In the third quarter of 2010, Sweden (+2.1 per cent) recorded the highest growth rate compared with the previous quarter, followed by Luxembourg (+1.5 per cent) and Poland (+1.3 per cent).


In the third quarter of 2010, household final consumption expenditure increased by 0.1 per cent in the euro area and by 0.2 per cent in the EU27 (after +0.2 per cent and +0.3 per cent respectively in the previous quarter). Gross fixed capital formation fell by 0.3 per cent in the euro area but rose by 0.3 per cent in the EU27 (after +2.0 per cent and +2.3 per cent). Exports grew by 1.9 per cent in both zones (after +4.4 per cent and +4.1 per cent). Imports gained 1.5 per cent in the euro area and 1.7 per cent in the EU27 (after +4.3 per cent and +3.9 per cent).


The only countries reaching a negative GDP result in Q3 were Romania (-07 per cent) and Greece (-1.3 per cent).


Among the main partners of the EU, GDP increased by 0.6 per cent in the US in the third quarter of 2010 (after +0.4 per cent in the previous quarter), and by 1.1 per cent in Japan (after +0.7 per cent). Compared with the third quarter of 2009, GDP grew by 3.2 per cent in the US (after +3.0 per cent in the previous quarter) and by 5.0 per cent in Japan (after +3.5 per cent).

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