Romania drifting back to recession
After two consecutive quarters of decline, the Romanian economy drifts back into recession, after the results in Q1 of 2012 showed a 0.1 percent decline compared with October-December 2011.
Romania registered, after the first five months of this year, a 8.8 billion euro commercial deficit as compared to 7.9 billion euro in the similar period in 2007, and was classed as having the sixth greatest European commercial deficit, according to Eurostat estimations.