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UniCredit expects Romania’s economic growth to weaken below region’s average

UniCredit Bank Romania, in its November quarterly report, affirmed the estimate expressed in October by its chief economist Florin Andrei for Romania’s 4.2% economic growth this year, a robust performance compared to projections as pessimistic as 2.8% voiced in April by the same bank. However, the “populist public spending” has exhausted the resources for increasing the spending in any other area, the bank’s economists warned in ...

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