Page 76 - bne_May 2021_20210601

76 I New Europe in Numbers bne June 2021
Russia GDP y/y %
Russia’s better than expected recovery continues in first quarter
Source: Rosstat, Ministry of Economy
Romania: Quarterly GDP
Rosstat released its first estimate of Russia’s 1Q21 GDP dynamics based on the production method, and revised up the contraction in the first quarter of this year from -1.4% to -1%, the state statistics agency said on May 17.
Romania's Q1 GDP points already to full recovery after last year's crisis
Romania’s economy performed above expectations in the first quarter of the year, when GDP missed an outstanding full return to the level posted in the same period last year by only 0.2%.
The country’s seasonally adjusted GDP rose vigorously for the third consecutive quarter, nearly closing the gap prompted by the 11.8% deep dive taken by the country’s economy during the lockdown in Q2 last year, according to flash estimates released by the National Statistics Institute (INS) on May 18.
Belarus economy grows by 2.5% of the first four months of 2021
In January-April 2021, Belarus' GDP expanded by 2.5% over the same period of 2020, The National Statistical Committee of Belarus said on May 17.
According to initial estimates, GDP amounted to BNY50.6bn ($20.1bn) at current prices, up by 2.5% in comparable prices year on year.
Ukraine’s GDP falls 2% in 1Q21
Ukraine’s GDP fell 2% y/y in the first quarter of this year and -1.1% in seasonally adjusted terms compared to the same period a year ago, the state statistics committee said on May 14.
Ukraine’s bounce-back from last year’s crisis is going more slowly than hoped and the economy was still contracting over the first two months of this year.
Ukraine’s economy contracted by 2.8% in January and February, compared to the first two months of last year, estimated the Ministry of Economic Development and Trade. Except for retail trade, all sectors were down.
Belarus GDP growth y/y %
Source: Rosstat
Ukraine GDP quarterly growth % y/y
Source: NBU, ICU
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