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By Iulian Ernst in Bucharest Romania’s statistics office INS revised upwards the rise in the first quarter’s (Q1) GDP in real terms (comparable prices) from a mere 0.1% y/y to a more substantial 0.5% y/y on July 8, in its second preliminary estimate. The nominal GDP total was revised upwards to RON424.6bn (€85.3bn) . The revised data does not imply significant adjustments in the dynamics of the economy, with core sectors of industry and construction expected to make a more consistent contribution to the year’s economic growth (seen broadly above 2% y/y, possibly above 2.5% in 2024) in the rest…

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