Romania 2Q GDP Growth Among Smallest In EU

Romania's economy grew at one of the slowest paces in the European Union in the second quarter, below the European Union’s average growth of 1%, official data showed Thursday.

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Romania 2Q GDP Growth Among Smallest In EU

Romania's second-quarter GDP increased 0.3%, after a decline of 0.3% a quarter earlier, EU's statistics office Eurostat said.

The fastest growing economies in the EU were Lithuania (+3.2% compared with the first quarter), Finland (+3.1%) and Germany (+2.2%).

In annual terms, Romania's economy shrank by 1.5% in the first quarter, the third largest decrease in the EU bloc.

The EU's GDP grew 1.9% on the year.

Latvia recorded the highest annual economic decline in the second quarter, of -3.9%, followed by Greece (-3.5%) and Romania and Bulgaria (both -1.5%).

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