Percorso:ANSA > Nuova Europa > News > Romania: GDP contracts by 12.3% in second quarter
Romania: GDP contracts by 12.3% in second quarter
Ing, economy may drop by 5.5% in 2020
15 August, 12:03
(ANSA) - BELGRADE, 15 AGO - The gross domestic product in
Romania was lower by 12.3% in the second quarter of 2020
compared to the first quarter of this year, the Romanian
National Institute of Statistics (Insse) said.
In a comparison with same quarter of 2019, the Romanian economy contracted by 10.5%, the statistical office informed.
The data "are affected by the difficulties posed by the pandemic crisis," Insse noted.
The 12.3% contraction in the second quarter is "line in market expectations," analysts from ING said today, confirming the forecast for a "5.5% GDP contraction this year." However, for 2021 ING downgraded "our forecast to 5.2% from 7.1% as the economic rebound looks more gradual than expected." (ANSA).
© Copyright ANSA - All rights reserved
In a comparison with same quarter of 2019, the Romanian economy contracted by 10.5%, the statistical office informed.
The data "are affected by the difficulties posed by the pandemic crisis," Insse noted.
The 12.3% contraction in the second quarter is "line in market expectations," analysts from ING said today, confirming the forecast for a "5.5% GDP contraction this year." However, for 2021 ING downgraded "our forecast to 5.2% from 7.1% as the economic rebound looks more gradual than expected." (ANSA).
