October data reveals that the economic downfall ended and perspectives for November and December are very optimistic, Interim Economy minister Adriean Videanu declared, quoted by Romanian news agency Mediafax. He showed that the economic recovery was mainly due to the energy sector.
In the third quarter, Romania's GDP dropped by 0.7% in real terms, compared to April-June, the decline of the economy registered was 7.1% Romanian National Statistics Institute reveals.
Public Finance Ministry modified the GDP contraction for this year from 8% to 7 - 7.5%.
