60999
Romania Q4 Growth Improves
Romania Q4 Growth Improves

Romania Q4 Growth Improves

Romania Q4 Growth Improves

Romania’s economic growth improved as initially estimated in the fourth quarter, latest figures from the National Institute of Statistics showed Tuesday, RTT reported. Gross domestic product advanced a seasonally adjusted 1.3% sequentially in the fourth quarter, faster than the 0.5% rise in the third quarter. That was in line with the flash data published on February 14. In the second quarter of 2016, the rate of expansion of the economy was 1.5%. On an annual basis, economic growth accelerated to 4.8% in the three months ended December from 4.4% in the previous three-month period. Without adjustment, GDP also grew at a faster pace of 4.7% annually in the December quarter, following a 4.3% climb in the September quarter. On the expenditure side, total final consumption grew 3% yearly in the fourth quarter. At the same time, gross fixed capital formation contracted by 1.9%. For the whole year 2016, Romania’s economy expanded 4.8% as estimated earlier, compared to a 3.9% growth in 2015.

 

 

Short URL : https://goo.gl/A7t5ie
  1. https://goo.gl/AQ0ajt
  • https://goo.gl/zMCJDX
  • https://goo.gl/hundCT
  • https://goo.gl/HFWof1
  • https://goo.gl/9IZOy5

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus