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S&P: Outlook On Romania Revised To Negative On Rising Fiscal And External Deficits; 'BBB-/A-3' Ratings Affirmed

Overview Large spending deviations by the previous government have forced Romania's current leadership to revise up its fiscal targets for 2019 and 2020, against the backdrop of a slowing economy. Planned wage and pension increases will contribute to a widening of Romania's already substantial current account deficit through 2020. While we ...

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