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In 2010, the Romanian economy decreased its contraction to 1.2%
16.02.2011, 12:47 | Economy | 805 views
Romania’s GDP in the fourth quarter for 2010 was in real terms, higher than 0.1% than in the third quarter in 2010. Compared to the last quarter in 2009, the GDP registered a 0.6% decrease on gross series and by 0.5% on adjusted series. In 2010, compared to 2009, the GDP (gross) decreased by 1.2%, a press release of the National Statistics Institute reads. The signal is good, some analysis estimating a contraction up to - 1.9% annually. The contraction rate decreased considerably and only the VAT increase blocked the economy from going on positive numbers, Macroanalitica managing partner Laurian Lungu said for HotNews.ro. Read more on Hotnews.ro
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