Flash estimate of Gross Domestic Product in the second quarter of 2020

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In the 2nd quarter of 2020 seasonally adjusted GDP (constant prices, reference year 2010) was lower by 8.9% than in the previous quarter and 7.9% lower than in the 2nd  quarter of the previous year.

Seasonally unadjusted GDP (constant average prices of the previous year) was lower by 8.2% than in the corresponding quarter of the previous year.

The presented GDP flash estimate for the 2nd quarter of 2020 includes effects of COVID-19 and the introduction of government measures to prevent the consequences of the pandemic. The methods and data sources used to estimate GDP have not changed. As regards data sources, activities have been taken to ensure their completeness and comparability.

The data is preliminary and can be subject to revision, in accordance with the revision policy of quarterly national accounts, in the first “regular” estimate of GDP for the 2nd quarter of 2020 which will be released on August 31, 2020.