Romania GDP Rises 3.8% YoY In First Quarter

05.15.2014 By Bogdan Neagu

Romania’s gross domestic product rose 3.8% in the first quarter compared with the same period of 2013, a flash estimate from the country’s statistics institute INS showed Thursday.

Against the last quarter of 2013, GDP went up 0.1% in seasonally adjusted data in the January-March period.

Fueled by a strong industrial sector and revived domestic demand, Romania’s economy is expected to grow by more than 2.5% in 2014.

In 2013, Romania’s economy beat expectations with a 3.5% growth, on the back of a bumper farming production and strong exports.