Fiscal Council's head Daianu: Romania can avoid a recession next year
Tuesday, January 3, 2023
Romania can avoid a recession next year, but GDP growth will be much lower - probably between 1.5-2.5%, compared to approximately 5% in 2022, says the chairman of the Fiscal Council, Daniel Daianu."The government has a very difficult equation to solve: to avoid going into recession while at the same time reducing the budget deficit towards the extremely ambitious target of 4.4% of GDP (in 2023) and directing resources towards defense and ...