Romania maintained its strong economic performance, recording a 4.6% GDP growth in the first semester of 2019, the second highest in the European Union and more than three times higher than the EU average. Retail sales increased 7.0% y-o-y during the first eight months of 2019, a robust increase that is expected to continue going forward. Unemployment is low, reaching 3.8% in August 2019, compared with 4.0% in August 2018. The average net income continued to increase, official statistics reflecting a 14% y-o-y growth in August 2019.
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Cushman & Wakefield: Romania Retail Snapshot (Q3, 2019)
Published By: Cushman & Wakefield