Romania's GDP growth slows in Q2

Analysis

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Romania's economic growth slowed slightly less than previously estimated in the second quarter, data published by Bucharest-based National Institute of Statistics (INS) showed on Monday.

Gross domestic product (GDP) advanced 1.9% sequentially, instead of the 1.8% growth estimated on August. GDP had climbed 2.6% in the first quarter.

Year-on-year, the economy expanded 14.4%, reversing the first quarter's 0.3% fall. The latest growth rate was revised up from 13.6%.

On an unadjusted basis, GDP grew by 13.9% versus the earlier estimate of 13.0%. The expansion reversed the 0.2% decrease a quarter ago. 

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