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Romanian GDP growth revised up in Q3

Figures

The Romanian gross domestic product (GDP) advanced 7.4% year-on-year in Q3 of 2021, faster than a preliminary figure of a 7.2% growth but slowing sharply from a 13.9% expansion in the previous period, amid the diminishing low base effects, according to figures released by the National Institute of Statistics (INS).

The household consumption expanded 9.3%, while government expenditure showed no growth. At the same time, fixed investment shrank by 0.4%.

Meantime, net external demand contributed negatively to the GDP, as exports expanded by 7.1% (vs 41.8% in Q2) while imports rose at a faster 9.4% (vs 42.2% in Q2).

On a seasonally adjusted quarterly basis, the economy grew 0.4%, higher than an earlier estimate of a 0.3% expansion, but slowing from a 1.5% gain in Q2.

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