Romania economic output growth slows in Q4
Romania's economic output grew at a softer pace in the fourth quarter of 2020, preliminary figures from the Bucharest-based National Institute of Statistics(INS) showed on Tuesday.
Gross domestic product (GDP) increased a seasonally adjusted 5.3% sequentially in the fourth quarter, after a 6.1% growth in the previous three months. On a year-on-year basis, GDP declined 1.7% in the fourth quarter, after a 5.6% decrease in the third quarter.
On a non-adjusted basis, GDP fell 1.5% annually after a 5.7% decline in the third quarter. For 2020 full year, the country's economy shrank by 3.9%, reversing from a 4.1% growth in 2019.
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