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Friday, November 30, 2007

Romania Q3 2007 GDP Growth

Romania's economic expansion accelerated slightly again in the third quarter as a lending boom and rising wages spurred consumption, offsetting damage to agriculture from a drought. Gross domestic product grew an annual 5.7 percent, up from 5.6 percent in the first quarter, according to data released today by INSSE (the National Statistics Institute).

For a detailed examination and explanation of why such continuing rapid growth may be problematic see this post earlier in the week.

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