Analysts further believe that the third quarter will be weaker than the first two quarters of the year, and expect the last three months of the year to be extremely difficult for companies.
“The fourth quarter will be difficult, because results will begin to show that the economy is slowing, and I believe the situation will be quite generalized at the company level,” said Florin Ilie, Capital Market Director of ING Bank. As of next week, companies listed on BVB will begin posting their financial results for the first nine months of the year.
