Romania’s 1Q GDP Growth More Than Triple The EU Avg

Romania ranks second in the 27-member bloc by economic growth, overtaken by Slovakia, with a first-quarter GDP growth of 8.7%.

The gross domestic product of the EU-27 grew an average 2.5% on the year in the first quarter of 2008.

Romania was followed by Lithuania (6.7%), Poland (6.4%) and the Czech Republic (5.4%), while the poorest economic growth in the EU was registered in Italy (0.2%), Estonia (0.4%), Hungary (0.7%) and Portugal (0.9%).

Eurostat did not dispose of GDP data in seven EU states: Bulgaria, Denmark, Finland, Ireland, Luxemburg, Malta and Slovenia.

First quarter economic growth in the Eurozone stood at 2.2%.