News » February, 2011 » 15 February 2011
Romania 2010 GDP Down 1.2% On Year, Less Than Expected
15.02.2011, 10:13 | Finance-Banks | 1174 views
Romania's economy shrank at an annual rate of 1.2% in unadjusted terms in 2010, a slower pace than initially predicted, according to a flash estimate of the country’s statistics institute released Tuesday. Authorities had estimated a contraction of around 1.9% in 2010, after a decline of 7.1% a year earlier. In October to December 2010, Romania's gross domestic product grew 0.1% in seasonally adjusted terms compared with the previous three months, after two consecutive quarters of decline. Read more on Mediafax.ro
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