Deputy PM Viorel Stefan says that Romania’s economic growth of 4.2 percent in the first quarter versus the same period of last year shows that expansion of the economy is “robust”.
Eurostat, the statistics office of the EU, said that Romania ranked fifth among the 28 European Union member states in terms of GDP growth y/y.
“Just like last year, the growth is placed at a double level compared to the EU average, 2.4 percent the average, 4.2 percent the growth of the Romanian economy. As the European Commission has already stated, we have a robust economic growth, and the growth rhythm is the one estimated by the EC for this year,” said Stefan.
Quarter on quarter, the economy remained flat. Stefan this data is “less relevant because it has a contribution of just 19 percent, if we refer to the whole year.”
“Secondly, we have to observe that regularly, the first quarter is influenced by uncertain conditions to a larger extent compared to the other quarters during the year,” said Stefan, according to Agerpres.
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