It was the second consecutive quarter in which Romania had the highest annual growth in the EU, but the pace of annual growth recorded by the Romanian economy slowed from 5.8% in the second quarter to 4.6% in the third quarter.
According to Eurostat, the Eurozone’s economy grew by 1.7% in the third quarter of this year compared to the same period last year while the European Union recorded an annual economic growth of 1.9% during this period. In both cases, the growth pace was similar to the one recorded in the second quarter.
Romania’s GDP saw an advance of only 0.6% in the third quarter of the year compared to the second quarter. By comparison, the GDP growth amounted to 1.5% at the end of the second quarter compared to the first three months.
Croatia had the highest growth in Q3 when compared to the previous quarter, of 1.7%, followed by Slovenia, with 1%. (source: Romania-insider.com)
