Romania's economy contracts by 3.9pct in 2020; GDP declines 1.5pct in Q4 2020
Publicat:The Romanian economy contracted by 3.9% in 2020, and in the last quarter of 2020 the country's Gross Domestic Product (GDP) declined 1.5% from the same quarter of 2019, according to data published by the National Institute of Statistics (INS) on Tuesday, as reported by AGERPRES.
According to the INS, the GDP increased by 5.3% in Q4 2020 on a quarterly basis and seasonally adjusted, but it was down 1.7% from the same quarter of 2019.
Unadjusted, the Q4 2020 GDP was down 1.5% y-o-y.
In 2020, compared with 2019, the GDP decreased by 3.9%.
"Following the revision of the…
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