Good news from Eurostat for the European Union economy for the fourth quarter of 2019 – the European GDP grew with 1.1% as compared to last year’s value. It means the EU 28 have succeeded in the last quarter of 2019 to have a small, but steady growth, despite the fears of a recession.
The fears of a technical recession appeared last year after the Germany’s economic growth slowed down significantly. In fact, Germany’s GDP registered, in 2019 Q2 a decline of 0.2% compared to the previous period, while in 2019 Q4 it had 0% growth comparing to Q3. Other countries which slowed down their GDP growth in 2019 were also Italy and France.
The countries who performed in terms of GDP growth in the 2019 Q4 were Hungary, with a growth of 4.6%, followed by Romania, with a growth of 4.2% and, with 3.5%, Poland and Bulgaria.
Romania has thus registered the third year in a row with a growth of its GDP, an economic performance. The economic forecasts of the European Commission for Romania in 2020 show a growing GDP, with 3.8%.