Romania had EU's third highest GDP contraction

Miercuri, 12 mai 2010, 13:48 English | Regional Europe

The economy of the European Union and of the euro zone reported a rise of 0.5% and 0.31% respectively in the first quarter of 2010, as compared to the same period last year, according to a preliminary overview published by Eurostat on Wednesday.

In Q1 2010, EU and the euro zone reported a GDP increase of 0.2%. In Q4 2009, the economy of the European Union and of the euro zone reported an increase of 0.1% and 0% respectively.

According to available data, with a GDP drop of 2.5%, Romania had the third highest GDP contraction in the EU in Q1 2010 as compared to the same period in 2009. The highest drops of the GDP were reported by Latvia (-5.1%) and Lithuania (-2.8%).