RSS
Eurostat: Romania had the second economic growth in the EU in Q4 2015
Romania recorded an economic growth of 3.8% in Q4 2015 as compared to a similar period of 2014, a higher advance among the 28 member states of the EU being recorded in Slovakia, of 4.0%, according to a preliminary estimate published on Friday by the European Office for Statistics (Eurostat). According to Eurostat, the economy of the area increased by 1.5% in Q4 2015, after an advance of 1.6% in the preceding quarter and the EU recorded an annual economic growth of 1.8% slightly lower than the one recorded in July-September of 1.9%.
Compared to Q3 the GDP of Romania recorded over the last three months of last year an increase of 1.1% similarly to Poland, this being the second big economic quarterly increase in the EU after the advance of 1.2% obtained by Estonia.
As regards the economy of the euro zone, they recorded a quarterly economic growth of 03% similar to that found by the GDP of the EU.
The data of Eurostat are similar to the estimates published on Friday by the INS according to which the GDP increased in realterms by 1.1% in Q4 against the previous quarter,while against the similar period of last year the advance was 3.7% gross series and 3.8% seasonly adjusted series.
According to INS, Romania recorded last year an economic growth of 3.7% against 2014, over the estimates of the European Commission which estimated an advance of 3.5%.
The European Commission (EC) announced recently that the economic growth rhythm of Romanian would reach a peak of 4.2% in 2016 due to the strong salary increases and fiscal relaxation, while in 2017 it will be easily moderate, at 3.7%.
According to the winter economic estimates, the European Commission improved the estimates regarding the economic growth ofRomania both for 2015 and for 2016 and 2017 as in the autumn, the estimate was for an advance of 3.5% in 2015 followed by an increase of 4.1% in 2016 and one of 3.6% in 2017.