Ireland, Cyprus, Malta, and Romania recorded the highest GDP increases in the third quarter of 2022 (versus the previous quarter) among EU countries, according to Eurostat data.

The EU’s GDP increased by 0.4% in the same period, with a lower growth rate for the Eurozone - 0.3%. The United States posted a GDP increase of 0.7% in the same period.

The EU and Eurozone GDP growth halved from Q2. Back then, the former increased by 0.8%, and the latter by 0.7%.

Among EU member states with the largest GDP growth rates right now are Ireland (2.3%), Cyprus, Malta, and Romania (all with 1.3%). The most significant declines were recorded by Estonia (-1.8%), Latvia (-1.7%), and Slovenia (-1.4%).

Ireland also recorded the biggest year-on-year GDP growth in the EU (10.6%), followed by Croatia (5.5%), Cyprus (5.4%), Malta (5.2%), Portugal (4.9%), and Romania (4.7%). Only Estonia and Latvia saw annual GDP decreases in Q3.

radu@romania-insider.com

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