In gross series, the economy contracted by 2.6% in the Jan-Mar period, from the year-ago period, while seasonally-adjusted the contraction was 2.5%.
However, the GDP contraction is narrowly below analysts’ forecasts of 3.4% YoY decline and 0.5% q-o-q.
Annually, the Gross Domestic Product dropped 6.9% in the fourth quarter 2009, after the 7.6% contraction in third quarter and 8% in the second quarter year-on-year.
The National Institute of Statistics released today the GDP data for the first-quarter as a signal, and a more detailed report will be released at a later date.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Romania still in recession. First-quarter GDP drops 0.3%.