Loading ...The GDP contracted by 0.7 percent in the third quarter of this year, in real terms, compared to the second quarter. The GDP dropped by 7.1 percent in this third quarter from the third quarter of 2008, the Institute announced. The third-quarter GDP and the nine-month GDP will be published in a provisional version on Dec. 3.
The Romanian GDP contracted by 8.8 percent in this Q2 and by 7.6 percent in the first half- year, according to the Institute’s early estimates. The Romanian economy will shrink below 8 percent this year, vice governor of the National Bank of Romania, Cristian Popa anticipated. At the last budget revision made at the end of August, the government took into account a GDP drop by 8 to 8.5 percent, after the talks with the IMF experts.
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