World Economy

Romania Q4 Growth Improves

Romania Q4 Growth ImprovesRomania 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.



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