Business - Economy

Romania Leaves Recession Behind

Published: September 8, 2012; 15:59 · (Vindobona)

In the second quarter, Romania´s GDP was up by 0.5% The construction industry was the driving force.

Romania Leaves Recession Behind / Picture: © Flickr / Dan Nevill (CC BY-ND 2.0)

From April to June, the Romanian economy showed a real economic growth rate of 0.5% against the first quarter. Both consumption and the construction industry expanded. In the first quarter of 2012 and in the fourth quarter of 2011, Romania´s economy contracted, however.

This year, Romania is expected to reach a 0.9% growth rate, IMF stated. Romania´s government anticipated a…

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Romania Leaves Recession Behind

In the second quarter, Romania´s GDP was up by 0.5% The construction industry was the driving force.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.