Eurostat: GDP up by 0.2% in EU28 in Q4 2018, Romania – the fourth economic growth

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Seasonally  adjusted  GDP  rose  by 0.2%  in  both  the euro  area (EA19)  and  the EU28 during  the  fourth quarter  of 2018,  compared  with  the  previous  quarter, according  to  a  flash  estimate  published  by Eurostat,  the statistical office of the European Union.

In the third quarter of 2018, GDP had grown by 0.2% in the euro area and by 0.3% in the EU28.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2% in the euro area and by 1.4% in the EU28 in the fourth quarter of 2018, after +1.6% and +1.8% respectively in the third quarter.

Over the whole year 2018, GDP rose by 1.8% in the euro area and by 1.9% in the EU28, based on seasonally and calendar adjusted quarterly data.  The annual growth rate for 2017 was +2.4% for both the euro area and the EU28.

With an economic growth of 4% in Q4 2018 as compared to Q4 2017, Romania ranks 4th in the EU, on the same level as Slovakia, in Latvia-led rankings, with a growth of 5.5%, followed by Hungary with 4.8% and Poland (4.6%).

 

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