ECONOMY FINANCE&BANKING

Eurostat confirms: Romania has highest economic growth in EU in Q3

In the third quarter of this year, Romania recorded the most significant GDP growth among the 28 member states of the European Union, both compared to the same period of last year and compared to the second quarter of this year, according to a revised estimate released on Thursday by the European Statistical Office (Eurostat).

According to Eurostat, in the third quarter, the largest annual growth in the EU was recorded in Romania (8.6%).

Also, in the third quarter of 2017, compared to the previous three months, the GDP of the Eurozone and of the EU rose by 0.6%, after an advance of 0.7% from April until June 2017. The highest quarterly growth in the EU in July – September 2017 was registered in Romania (2.6%).

According to the “signal” estimates previously published by the National Institute of Statistics (INS), Romania’s GDP increased in real terms by 2.6% in the third quarter of 2017 from the second quarter, whilst compared to the similar period of last year, the advance was 8.8% in unadjusted terms and 8.6% in seasonally adjusted terms.

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