Romania Almost Stagnates

Politics ♦ Published: February 18, 2013; 18:19 ♦ (Vindobona)

Last year, Romania´s economy could prevent a recession. The GDP growth came at 0.2%.

Romania Almost Stagnates / Picture: © Flickr / Dan Nevill (CC BY-ND 2.0)

According to the Romanian Statistical Office, the gross domestic product was up by 0.2% last year. As a result, Romania did not fall into a recession for the time being. However, the low growth rate will not be sufficient to reduce the prosperity gap between Romania and other EU countries.

The weak economic growth was mainly due to declining foreign direct investments and a…