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Ionut Dumitru (Raiffeisen Bank): In Q1 2018, due to the so-called fiscal revolution the consumer confidence crashed

Ionut Dumitru, the chief economist of Raiffeisen Bank, says that private consumption was the driver of economic growth last year, while the raft of changes in the fiscal legislation have impacted the confidence of consumers. “In Q1 2018, due to the so-called fiscal revolution the consumer confidence crashed, which led to a 0 percent growth q/q, showing that the recent economic growth has been fragile and not sustainable,” said the economist ...

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