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ING Bank: Romania’s public finances at their worst since the financial crisis; technical recession expected in 2019

Analysts from ING Bank have issued a warning on the future of the Romanian economy, given that fiscal policies and the budget are in the worst situation they’ve been since the crisis, economic growth is slowing and the country is entering an electoral period. “Romania is entering election mode, with the bulk of the previous electoral promises backloaded to maximise the impact. Hefty state handovers without structural reforms should widen ...

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