Central and Eastern Europe took a huge stride in its economic recovery in the fourth quarter of 2013, according to flash estimates on growth released on February 14. Amid a raft of strong data, including an impressive acceleration in the Czech Republic, Romania stood out with GDP growth of 5.2%.
It was Romania's strongest quarter in five
years, and pushed the country towards a full year expansion of 3.5%. The Czech
Republic meanwhile swung from a 1.2% decline in the third quarter to expansion
of 0.8%. It wasn't all plain sailing; Poland disappointed slightly at 2.7% year
Romania however stood head and shoulders above the rest of the EU, with the
Baltics - who have dominated the bloc's top spots for GDP growth over the past
couple of years.
Read the full article in East Capital web page here.