Romania’s economy falls 10.5% in second quarter

Romania’s economy decreased by 10.5% in the second quarter of this year (Q2) compared to the same period of 2019. When compared to the first quarter of 2020, the drop was 12.3%, according to the flash estimate released by the National Statistics Institute (INS) on Friday, August 14, according to

In the first six months of 2020, the Gross Domestic Product (GDP) decreased by 4.7%, in gross terms, and by 3.9%, in seasonally adjusted terms, compared to the first half of 2019.

In the first quarter of 2020, compared to the fourth quarter of 2019, the GDP growth was 0.3% in seasonally adjusted terms, so the Romanian economy avoided a technical recession, namely two consecutive quarters of contraction, commented.

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