Romania confirmed as EU’s fastest growing economy

Fastest growing economy

Romania has been confirmed as the fastest growing economy in the EU, following figures released on August 17. The non-eurozone country expanded 5.7 percent in the second quarter of 2017, surpassing its predicted year-on-year growth rate of 4.8-5.1 percent.

Other results from statistical body Eurostat revealed that Romania’s economic performance is in keeping with the general EU trend, whereby Central European economies are growing at a faster rate than their western counterparts. As the second-fastest growing EU economy, Latvia posted a growth rate of 4.8 percent during the second quarter of 2017, while the Czech Republic, Poland and Lithuania all delivered strong results.

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