BUCHAREST, May 15 (Reuters) - Romania’s economy grew a more than expected 2.4% on the year in the first quarter, a flash estimate from the National Statistics Board showed on Friday.
Analysts polled by Reuters had expected the economy to grow 1.8% in January-March. They expect the economy to contract 5.9% for the full year as the new coronavirus outbreak takes its toll. The government estimates a lower contraction at 1.9%.
On a quarterly basis, the economy advanced 0.3% in seasonally adjusted terms in January-March. The statistics board also said it has revised quarterly growth data of the fourth quarter of 2019 down to 1.2% from 1.5%. (Reporting by Luiza Ilie)