Statistics authority maintains its estimate for 2020 GDP contraction at 3.9 pct
Publicat:In the provisional data released on Thursday, the National Institute of Statistics (INS) maintained its estimate for the GDP contraction in 2020 at 3.9 percent. In Q4 2020, the GDP was 4.8 percent higher in real terms than in the previous quarter, and was 1.4 percent down YoY as unadjusted series and 1.8 percent lower as seasonally adjusted series (these figures also remained unchanged from the INS data released on March 9).
The seasonally adjusted quarterly GDP was recalculated as a result of the revision of the estimates for Quarters 1 - 4 2020, with no changes compared to the version…
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