Romania: Economy slows further in Q2
August 14, 2014
According to a preliminary estimate released by the statistical office on 14 August, in the second quarter the economy grew 1.2% over the same period last year. The figure marked the slowest expansion since Q4 2012 and was a deterioration compared to the 3.9% increase recorded in the previous quarter. More detailed data will be released on 3 September.
On a quarter-on-quarter basis, GDP in Q2 fell 1.0% in seasonally-adjusted terms, which contrasted the 0.2% expansion recorded in the first quarter. The figure marked the fastest contraction since Q1 2010.
Author: Dirina Mançellari, Senior Economist