RSS
Romania, last in the EU in terms of economic growth and employment rate in the second quarter
The economy of the eurozone and the European Union registered a slight increase in the second quarter, compared to the previous quarter, and Romania had the most modest economic performance in the EU bloc, according to revised data published by Eurostat on Friday.
According to those data, the GDP of the 20 countries which switched to euro registered an advance of 0.2% between April and June 2024, as compared to the previous quarter. It is about performance slightly lower than the increase of 0.3% initially announced by Eurostat. The European Office revised the data regarding the EU, whose economy registered an advance of 0.2% in the second quarter as compared to the previous one, slightly less than the increase of 0.3% initially announced.
Among the member states, the strogest growth rhythms of the GDP were in Poland (1.5%), Greece (1.1%) and the Netherlands (1%).Portugal and Romania are last in the top with economic growth of 0.1% in the second quarter, according to Eurostat.
Separately, Eurostat published on Friday the figures regarding the evolution of the employmenbt rate in the second quarter. According to these data, the number of employed people increased by 0.2% in the euro zone, and by 0.1% in the European Union, in the second quarter, compared to the previous quarter, and Romania was the country with the strongest rate decrease of occupation from one quarter to another.
In the second quarter of 2024, the member states that recorded the strongest increases in the employment rate were: Ireland and Lithuania (both by 1.1%) and Estonia. (0.8%). The most important decreases in the employment rate wer3e recorded in Romania (minus 0.5%) and Finland (0.4%).
Eurostat estimates that in the second quarter of this year, there were 281,6 million employed people in the European Union, of which 170.1 million were in the eurozone.