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Planned pension hikes increase risk of Romania getting its rating downgraded to junk status

The planned pension hikes threaten the fiscal stability in Romania and increase the risk of a rating downgrade of the country to junk status, according to CEE 3Q 2019 report released by UniCredit Bank. “While the government may avoid controversial measures, economic populism could threaten fiscal stability and the country’s investment grade. Planned pension increases of 15 percent in September 2019 and 40 percent in September 2020 could push the budget deficit above 4 ...

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