Romania: Economic Performance Better than Expected

Business › Economy ♦ Published: September 9, 2013; 07:48 ♦ (Vindobona)

In the second quarter, economic growth reached 1.5%, which is beyond the initial forecasts.

Romania: Economic Performance Better than Expected / Picture: © Vindobona.org

Due to the increase in industrial production, the Romanian economy expanded faster than expected. Compared to the reference period of 2012, GDP in the second quarter of 2013 was up by 1.5%. Against the first quarter of 2013, GDP grew by 0.5%.

However, consumption still remains a weak point of Romania. After a 0.2% decrease in the first three months of 2013, the second quarter…

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