Romania’s economy increases by more than 13% in the past year

Romania’s economy grew by 13% in the past year as it continues its post-lockdown recovery, the statistics institute said on Tuesday.

The gross domestic product rose by 1.8% in the second quarter compared to the first quarter. It is the fourth consecutive quarter of growth after lockdown was imposed at  the beginning of the pandemic.

The National Statistics Institute say that the year -on-year economy rose by 13.6% in seasonally adjusted terms/

Last year, the economy contracted by 10% compared to the same period of 2019.

The strong growth in the second quarter reflected the lifting of most pandemic restrictions.

Biziday said it was the sharpest economic growth since 1987 when Romania began to calculate its gross domestic product.

In 2004, Romania posted a 12,6% growth in its gross domestic product.

The statistics institute will release more detailed figures about the latest growth early next month.

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