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How could economy leave recession behind?
18.02.2011, 11:00 | Economy | 860 views
Analysts believe there are few chances that the economy will perform better in the first quarter against the last three months of last year, with a modest growth being possible as a result of the robust export growth, the reversal of public sector salary cuts and the slight growth in the consumer spending in the first quarter. In the last quarter of 2010 the economy grew 0.1% against the preceding quarter, above the expectations of analysts, who had anticipated a decline. The economy went into recession in the third quarter of 2008, and since the autumn of 2008 the GDP recorded declines in every quarter, but for the slight growth, of 0.1% in the third quarter of 2009, in the second quarter of 2010 and in the fourth quarter of 2010. Read more on ZF.ro
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