The country’s statistics institute Tuesday announced the GDP rose 0.2% in seasonally-adjusted data compared with the previous quarter. In annual terms, the second-quarter GDP was up 1.4% in unadjusted data, and 0.3% higher in adjusted terms.
The evolution could be explained through an exceptional farming output, Chidesciuc said, adding the agricultural outstanding performance is the only chance for Romania to attain this year’s economic growth target of 1.5%.
On the other hand, a good farming result will shadow 2012’s GDP forecast, especially considering the economic slowdown all over the world.
“If 2012 will be a normal year regarding the farming output, the sector’s contribution to GDP will be negative, following this year’s extra performance, which will affect the economic growth,” Chidesciuc said.
Romania forecasts a 3.7% economic growth in 2012. Last year, the economy contracted by 1.2%.