Compared with the first quarter of 2020, first-quarter GDP decreased 0.2% in unadjusted data but remained unchanged in real terms.
Romania’s statistics board revised last year’s quarter-to-quarter growth. It revised quarterly growth in the first quarter of 2020 to 0.7% from a previous estimate of 0.6%.
Third-quarter sequential GDP growth for 2020 was revised to 5.5% from 5.6%, and fourth-quarter sequential GDP growth for 2020 was revised to 4.6% from 4.8%.
Romania’s government expects 5% GDP growth for the full year.