“Although the gross domestic product has declined for two consecutive quarters, the economy grew 2.6% in seasonally adjusted terms during the first six months of 2014 from a year earlier,” Nita told a news conference.
“Therefore, the technical recession at the end of the second quarter shouldn’t cast a shadow on the results registered after the first six months.”
The Romanian economy has slipped back into recession following two consecutive quarters of declines, revised data from the statistics institute INS showed last week.
The country’s GDP fell 1% in the second quarter, after a 0.2% decrease in the first three months of 2014. The first-quarter figures were revised down from a growth of 0.2% previously reported.
Compared with the same period of 2013, however, Romania’s economy stayed on a positive trend in April to June. The GDP was up 1.2% against the second quarter of 2013, and up 1.4% in seasonally adjusted data.