Romania Growth Slows In Q2

Romania’s economic growth slowed in the second quarter, after improving in the previous three months, flash estimates from the National Institute of Statistics showed on Wednesday.

Gross domestic product grew a seasonally adjusted 1 percent from the first quarter, when the economy expanded 1.2 percent, revised from 1.3 percent reported earlier.

In the final three months of 2018, the economy grew 1 percent.

On a year-on-year basis, GDP rose an unadjusted 4.4 percent in the second quarter after a 5 percent growth in the previous three months. Economists had forecast 4.5 percent growth.

The seasonally adjusted annual growth slowed to 4.6 percent from 4.9 percent, revised from 5 percent.

In the first half of the year 2019, GDP grew 4.8 percent year-on-year on a seasonally adjusted basis and rose 4.7 percent without adjustments.

The material has been provided by InstaForex Company –