According to preliminary estimates, GDP in July-September 2009 was 0.7 percent lower than in Q2. Similarly, compared to the same period in 2008, the decline was 7.1 percent. At the European level, the economies of seven states reported negative results, while the economies of ten states posted growth compared to Q2. No data is available for the remaining states. On the whole, Europe’s economy has overcome the recession, registering the first quarterly growth compared to the previous period, after almost one year.
Two main factors are driving the course of Romania’s economy, according to Tonny Lybek, International Monetary Fund Representative for Romania, quoted by NewsIn. He indicated that Romania’s economy “is moving in the right direction,” due to the redressing of foreign demand, but also in the opposite direction, because of internal political uncertainty.