Thus, Romania failed to escape recession for the sixth trimester in a row, despite estimates.
The analysts polled by NewsIn anticipated Romania's economy stepped out of recession in the fourth quarter of 2009, with an advance of 0.1 – 0.6 percent on the previous trimester, sustained by the industry's recovery, as constructions continue to have a negative contribution.
The economists expected a 7 percent economic contraction for the entire year, NewsIn states.
Compared to the same period in 2008, the economy reduced 6.6 percent in the fourth quarter, while on the whole, it stood 7.2 percent below the level of 2008.
The vicegovernor of Romania's Central Bank (BNR), Cristian Popa, said on February 5 that Romania could report the first economic increase on the previous quarter in the first three months of the year.
Moreover, the head of the International Monetary Fund (IMF) mission in Romania, Jeffrey Franks, said Romania's economy could resume growth in the first trimester of 2010 and will advance about 1.3 percent during the whole year.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Romania's economy shrinks 1.5% in Q4 over Q3, fails to escape recession.