Eurostat: Romania had second EU economic contraction in Q4 2009

The Gross Domestic Product of the countries that adopted the European unique coin has recorded a 0.1% economic growth, both in the euro zone (EA16) and the European Union during the last 2009 quarter against Q3, according to the data published on Friday, February 12, by the European Office for Statistics (Eurostat).

The Q4 2009 growth follows a quarter when the European economy came out of the recession and the euro zone recorded a 0.4% increase of the GDP.

According to Eurostat, Romania experienced the second economic contraction in the EU during the last three months of 2009: minus 1.5%. Only Latvia topped it, with a 3.2% economic contraction. Overall, in 2009 the GDP dropped 4% in the euro zone and 4.1% in the European Union