EU top 5 fastest-growing economies in Q1 2017
Romania has posted the highest Q1 2017 economic growth rate in EU28, of 5.6 percent, yoy, according to a flash estimate recently published by Eurostat, the statistical office of the European Union (EU).
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7 pct in the euro area and by 2.0 pct in the EU28 in the first quarter of 2017, after +1.8 pct and +1.9 pct respectively in the previous quarter.
The highest growth rates January — March 2017 were reported by Romania (5.6 percent), Poland and Lithuania (4.1 percent each), Latvia (3.9 percent), Hungary (3.7 percent) and Bulgaria (3.4 percent). The only drop in the Gross Domestic Product (GDP) over the same period was reported by Greece (minus 0.5 percent).
In Q1 2017, compared with Q4 2016, Romania’s economic growth was also the highest in the EU: 1.7 percent versus 1.5 percent in Q4 2016.