Erste Research: Price-wage spiral to keep Romania's growth high in 2024-2025

The tight labour market creates a price-wage spiral that is pushing up consumption and stimulating economic growth to the highest levels in the region, according to an Erste Group Research (EGR) report. Thus, Romania's economy will rise by 3.3% in 2024 – the highest rate in the region, at par with Serbia's, and by 4.8% in 2025 - the highest rate in the region (followed by Serbia, with 3.6%).   The ...

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