Central Europe’s economies have continued their rapid expansion,
outpacing their peers in western Europe as rock bottom interest rates
and record low unemployment fuel consumer spending.
With the eurozone’s recovery also pushing up exports from the region, Romania’s economy grew at the fastest annual rate in the EU in the second quarter.
The Czech Republic, Poland, Slovakia and Hungary also reported strong growth, according to preliminary data on Wednesday.
Romania grew by 5.7 per cent year on year in the second quarter. The Czech Republic grew by 4.5 per cent, Poland by 4.4 per cent, Hungary by 3.6 per cent and Slovakia by 3.1 per cent. The EU grew by 2.3 per cent.
Read more: Exports and low unemployment fuel rapid growth in central Europe
With the eurozone’s recovery also pushing up exports from the region, Romania’s economy grew at the fastest annual rate in the EU in the second quarter.
The Czech Republic, Poland, Slovakia and Hungary also reported strong growth, according to preliminary data on Wednesday.
Romania grew by 5.7 per cent year on year in the second quarter. The Czech Republic grew by 4.5 per cent, Poland by 4.4 per cent, Hungary by 3.6 per cent and Slovakia by 3.1 per cent. The EU grew by 2.3 per cent.
Read more: Exports and low unemployment fuel rapid growth in central Europe
