Statistics authority maintains estimate for Q2 economic shrinkage at 12.3 pct
Publicat:Romania's Q2 GDP was 12.3 percent lower in real terms compared to the first quarter, shows provisional data released on Tuesday by the National Institute of Statistics (INS).
Year-over-year, the GDP was 10.5 percent down in the second quarter of the year, both as unadjusted and as seasonally adjusted series. In H1 2020, the GDP was 4.6 percent down from H1 2019 in unadjusted terms and 3.9 percent lower in seasonally adjusted terms.
The estimated GDP for the second quarter of 2020 was 238.502 billion lei at current prices, down 12.3 percent in real terms compared to the first quarter…
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