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Romania rockets to the top of CEE's thrusting recovery

RomaniaPosted by Uvner Business Consulting Tue, February 25, 2014 17:06:45

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 on 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.



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