Romanian Q1 GDP growth weakest in near 6 years
Photo by Feng Yu / Shutterstock.com
Romania’s economic growth decelerated to 2.4% year-on-year in the first three month of 2020, compared to 5% annual increase in the same quarter of 2019, non-adjusted flash data from the country’s National Institute of Statistics (INS) indicates.
This was the weakest gross domestic product growth since the second quarter 2014.
On a seasonally adjusted annual comparison basis, GDP growth slowed down to an annual 2.7%, from 5.1% in the first quarter of last year.
On a seasonally adjusted quarterly basis, the economy grew 0.3%, after a downwardly revised 1.2% growth in the fourth quarter, INS said on May 15.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.