Romania GDP recovers in Q3
Graphic by AlexLMX / Shutterstock.com
Romaniaʼs economy recovered as initially estimated in the third quarter, final data from the Bucharest-based National Institute of Statistics (INS) showed Tuesday.
Graphic by AlexLMX / Shutterstock.com
Gross domestic product (GDP) grew 5.6% sequentially, reversing a sharp 12.2% decline in the second quarter. The rate came in line with the preliminary estimate released on November 13.
On a yearly basis, GDP contracted 6% after easing 10.3% in the previous quarter.
The annual fall also matched flash estimate.
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