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Financial News: Romania GDP Growth Slows Sharply In Q1

Romania GDP Growth Slows Sharply In Q1

05/15/2020 - 11:31:00 (RTTNews)

(RTTNews) - Romania's economy grew at a sharply slower pace in the first quarter, as economic activity started getting impacted by the coronavirus pandemic, preliminary figures from the statistical office showed on Friday.

Gross domestic product decreased a seasonally adjusted 0.3 percent from the previous quarter, when the economy expanded 1.2 percent. On a year-on-year basis, GDP grew 2.7 percent after a 3.9 percent increase in the previous three months. Without adjustments, GDP rose 2.4 percent annually in the first quarter after a 4.3 percent increase in the fourth quarter of last year.

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