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%).