Romania’s economic growth accelerated unexpectedly in the three-month period to March, after easing in the previous quarter, data from the National Institute of Statistics showed Wednesday.
Gross domestic product climbed 4.3 percent year-over-year in the first quarter, much faster than preceding quarter’s 2.7 percent increase, which was revised from a 2.6 percent hike. Economists had expected the growth to remain stable at 2.6 percent.
The latest rate of expansion was the highest since the fourth quarter 2013, when the economy grew 5.2 percent.
On a seasonally adjusted basis, GDP also increased at a faster pace of 4.2 percent in the March quarter, following a 2.7 percent gain in the December quarter, revised from 2.5 percent.
Quarter-on-quarter, GDP rose a seasonally adjusted 1.6 percent in the three months ended March, faster than a 1.0 percent climb in the previous three months, revised from 0.5 percent. It was the third consecutive quarterly increase.
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