9th June. Romania's gross domestic product or GDP declined a seasonally adjusted 6.2% year-on-year in the first quarter, in contrast to a 2.9% growth in the fourth quarter, the National Institute of Statistics said Tuesday.
On an unadjusted basis, the GDP dropped 5.7% annually in the first quarter compared to a 2.3% rise in the preceding quarter.
Sequentially, the GDP dropped 4.6% in the first quarter compared to a 2.8% decline in the previous quarter.
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