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Romania: GDP drops 10.5% in second quarter
Industry, cultural sector the most hit
09 September, 13:36
(ANSA) - BELGRADO, 09 SET - The gross domestic product in
Romania declined by 10.5% in the second quarter of 2020 compared
to the same period of 2019, the Romanian National Institute of
Statistics (INSSE) informed, confirming the flash estimates
published on August 14.
The Romanian statistical institute noted that the economy in the EU country registered a decline of 12.3% in the second quarter of the year in a comparison with the first quarter of 2020. Due to the coronavirus crisis, "almost all industries contributed to the GDP decrease in the first semester of 2020," INSEE noted. The most significative negative developments were observed in the industry sector (-14.1% in the first semester of 2020) and the in cultural sector (-29.1%). (ANSA).
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The Romanian statistical institute noted that the economy in the EU country registered a decline of 12.3% in the second quarter of the year in a comparison with the first quarter of 2020. Due to the coronavirus crisis, "almost all industries contributed to the GDP decrease in the first semester of 2020," INSEE noted. The most significative negative developments were observed in the industry sector (-14.1% in the first semester of 2020) and the in cultural sector (-29.1%). (ANSA).
