Eurostat: Serbia tops the list in terms of economic growth in Europe

Serbia ranks first among the 38 European economies in terms of year-on-year gross domestic product growth in the first quarter of 2020, according to Eurostat’s data.

Serbia leads the ranking of seasonally adjusted and time-adjusted data with a jump in GDP of 5.0%, as well as the table of seasonally adjusted and time-adjusted indicators, where growth is 4.8%.

According to Eurostat data, Ireland is just below Serbia, whose growth, according to unadjusted data, was 4.6% in the first quarter, followed by Turkey with 4.5%, Lithuania with 2.4% and Hungary in fifth place with 2.2%.

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Poland ranked sixth with 1.7% economic growth in the first quarter, followed by Bulgaria with 1.2%, Norway with 1.1%, Cyprus with 0.9% and Malta with 0.5% GDP growth.

Croatia and Sweden share the 11th position with an economic expansion of 0.4% in the January-March period.

The data then follow the economies with negative growth in the first three months of 2020; from the smallest decline of 0.4% recorded in Denmark to the largest in Italy, up to 5.7%.

With a drop of 4.7% in GDP, France is also at the bottom of the ranking, and is in the company of Spain (-3.8), Slovakia (-3.7), Austria (-2.9), Slovenia (-2.4) and Germany (-1.9).

Eurostat’s analysis of GDP growth in the first quarter did not publish data for the economies of Montenegro, Bosnia and Herzegovina, North Macedonia, Albania and Kosovo.

(B92, 08.06.2020)

https://www.b92.net/biz/vesti/svet.php?yyyy=2020&mm=06&dd=08&nav_id=1692852

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