Romania Leaves Recession Behind

BusinessEconomy ♦ 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…