To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Romanian Economy Shrinks 0.2% in Q1
The Romanian gross domestic product shrank 0.2 percent year-on-year in the first quarter of 2021, following a 1.4 percent contraction in the previous period. This was the fourth straight quarter of contraction in the GDP, but the smallest decline in the current sequence, amid an easing the lockdown measures to contain the spread of the coronavirus. Net external demand contributed negatively to the GDP, as exports rose by 0.6 percent (vs -2.3% in Q4) while imports increased at a faster 5.4 percent (vs 2.2% in Q4).On the positive note, both government expenditure (3.0% vs -2.3% in Q4) and household consumption (0.8% vs -6.2%) rebounded, while fixed investment grew faster (9.9% vs 6.5%). On a seasonally adjusted quarterly basis, the economy advanced 2.8 percent, easing from a 4.6 percent growth in the fourth quarter 2020. source: Institutul National de Statistica [/s2If]
Join Our Telegram Group