Romania: Economic Growth not Sustainable Yet

Business › n.a. ♦ Published: January 11, 2014; 19:14 ♦ (Vindobona)

In the third quarter of 2013, Romania´s GDP growth amounted to 4.1%. Nevertheless, Romania is still far from a sustainable economic recovery.

Romania: Economic Growth not Sustainable Yet / Picture: © Vindobona.org

In the third quarters, Romania´s quarterly GDP growth reached 1.6%. Year-on-year growth came at 4.1%.

Romania´s economic growth is mainly based on foreign demand and changes in harvest results. The annual export growth rate was 21.7%. Imports rose 8.0% year-on-year. The agricultural output was up by 24.6%, which is mainly due to the poor harvest in 2012.

Domestic…

or Log In

Fast News Search
Related News
Romania: Slight Increase in FX Reserves (January 7, 2014)
CEE: Economic Sentiment Cautiously Optimistic (January 2, 2014)
Romania: Growth to Slow Down (December 28, 2013)
CESEE: Dependence on Foreign Demand Remains Main Obstacle (December 21, 2013)
Stable Outlook for CESEE Banking Industry (December 19, 2013)
Read More
Romania, GDP Gross Domestic Product, Economic Growth, Imports, Exports, Foreign Trade, Consumption
Featured
See latest Vindobona Newsletter