The economy could get out of recession at the end of the thirdquarter, after a new increase in the GDP, but the last quartermight see decline, hence a W-shaped trend, said Vergil Voineagu,National Statistics Institute (INS) chairman.
The opinion contradicts most analysts who see decline in thethird quarter.
Romania registered a slight increase in seasonally adjustedterms from April through June, for the first time after threequarters of decline. The second quarter growth stood at 0.3%compared with the first three quarters of the year.
The INS chairman explained that the two consecutive quarters ofGDP growth pointed to an exit from recession, which could happen ifthe GDP goes up in seasonally adjusted terms in the third quartercompared with the second.
Inquired about the final quarter performance, Voineagu said theforecast timeframe was distant, but added that the economy couldwitness decline, thus leading to a W-shaped recession.
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