Romania: Economy slows down in Q1
May 15, 2014
According to a preliminary estimate released by the statistical office on 15 May, the economy grew 3.8% over the same period last year in the first quarter. The figure marked the slowest expansion since Q2 2013 and was a deterioration compared to the 5.4% increase recorded in the previous quarter. More detailed data will be released on 4 June.
On a quarter-on-quarter basis, GDP rose a timid 0.1% in seasonally-adjusted terms in Q1, which was well below the 1.6% expansion recorded in the fourth quarter. The figure marked the slowest expansion in six quarters.
Author: Dirina Mançellari, Senior Economist