Romania GDP Growth Slows
World Economy

Romania GDP Growth Slows

Romania’s economic growth moderated as initially estimated in the three months ended June, latest figures from the National Institute of Statistics showed Tuesday, RTTNews reported. Gross domestic product advanced a seasonally adjusted 1.6% sequentially in the second quarter, slower than the 1.8% rise in the first quarter. That was in line with the flash data published on August 16. On the expenditure side, total final consumption rose 5.4% and gross fixed capital formation gained by 0.6%. Both exports and imports climbed by 2.9% and 4.3%, respectively. Annually, GDP advanced at a stable rate of 5.7% in the June quarter, confirming the preliminary report. On an unadjusted basis, the economy expanded an unrevised 5.9% yearly in the second quarter, faster than the 5.7% rise in the March quarter. Moreover, this was the strongest growth since the second quarter of 2016, when GDP had grown 6%.


Short URL : https://goo.gl/3JDLJb
  1. https://goo.gl/2P3Uvd
  • https://goo.gl/DWwST1
  • https://goo.gl/P35W2X
  • https://goo.gl/hoiXvb
  • https://goo.gl/Wb9rdY

You can also read ...

Norway CB to Develop Digital Currency
Norway’s central bank, Norges Bank, is considering developing...
Higher oil prices mean more money in the oil industry’s pockets and that will spillover into wages, jobs and tax revenue.
Canada’s economy continues to show signs of strength, but not...
Exports of cloth, cotton yarn and  value-added textiles make up almost 60% of the total exports.
Businessmen in Pakistan have expressed concern over the...
Fraud, Money-Laundering on the Rise in Singapore
Over a third of Singapore businesses said they were hit by...
Corporate Japan Learns to Boost Profitability
Japanese listed companies continue to improve their ability to...
Opening up the automobile sector to foreign firms put an end to a “protection period” for domestic brands.  The picture shows Tesla enters China’s domestic car brands.
The constant widening of opening up in China's manufacturing...
Fake Ramadan Discounts in Sharjah
Commercial outlets and shops with fake promotional offers and...
Vietnam Trade, Service Sectors Need Revision
The development of wholesale and retail infrastructure in...

Add new comment

Read our comment policy before posting your viewpoints