Romania's economic expansion slows in Q1

Figures

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Romania's economy grew at a slower pace in the first quarter compared to last year, latest data from the Bucharest-based National Institute of Statistics (INS) confirmed on Tuesday.

Gross domestic product (GDP) rose a seasonally adjusted 2.8% from the previous quarter, when growth was 4.6%.

On a yearly basis, GDP was unchanged in the first quarter after a 2% decline in the previous quarter.

Output has been falling since the second quarter of last year. On an unadjusted basis, GDP decreased 0.2% from a year ago following a 0.4% fall in the fourth quarter.

The flash estimates were thus confirmed. Consumption grew an unadjusted 1.1% and investments rose 1.7%. Net exports decreased 2.6% and inventories fell 0.4%.

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