UniCredit Report: Romania’s GDP to slow

UniCredit Bank analysts expect Romania’s economic growth to slow to 4.4 percent in 2017 and 3.5 percent in 2018 due to falling public investment, a weaker harvest than in 2016 and tighter fiscal policy from this year’s Q4 onwards if the government wants to keep the deficit below 3 percent of GDP. “Fast consumer-driven economic growth is hiding widening fiscal imbalances, reminiscent of last decade’s fiscal profligacy that ...

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