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Raiffeisen Bank RO sees twin deficit issues but robust growth for 2022

With the trade deficit at 12%-13% of GDP and a current account (CA) gap of rather 8% of GDP (from 7% of GDP last year) on the external balance side and the budget deficit at 5.8% of GDP (with a little help from the sharply rising nominal GDP), the twin deficit problem remains acute for Romania, according to a research report of Raiffeisen Bank Romania published by chief economist Valentin Tataru.   "Even ...

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