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Comments on Global Economy Matters: Green Shoots In Germany and Estonia?





Updated: 2010-08-05T17:03:34.022-07:00

 



Romania's GDP dropped 6.2% in the first quarte...

2009-06-09T12:31:43.016-07:00

Romania's GDP dropped 6.2% in the first quarter year on year, according
to data published by the National Statistics Institute on Tuesday. The
Institute had expected a 6.4% contraction, according to Romanian news
agency NewsIn.

According to reviewed data, the GDP stood at
128.73 billion lei in Q1 this year, down 4.6% in real terms as compared
to the last quarter of 2008.

Important drops in activity were
reported in agriculture, forestry and fishing (-10.9%), industry
(-11.1%), trade, car and home appliance maintenance, hotels and
restaurants, transport and communications (-7.6%), financial, real
estate, renting activities and services for enterprises (-3.8%).

Construction works and other services boosted their activities by 4.7% and 3.1% respectively.

Trade deficit diminished for the seventh consecutive month in April 2009 as compared to April 2008, to 835.1 million euro.

Imports dropped 40% in April 2009 year on year, while exports diminished by only 23%.