ING Romania revises 2021 GDP growth forecast to 6.5%

ING Romania revised downward its forecast for the 2021 GDP growth to 6.5% from 7.5% previously, in response to the "disappointing" Q3 flash estimate released by the statistics office INS on November 16. However, it sees upward risks prompted by possibly strong net public spending in Q4.   "Although the quarterly GDP growth rate of 0.3% is relatively close  to our estimate of 0.7%, the downward ...

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