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Unicredit: Romania to see 3.5 pct inflation in 2019 and economic growth of only 1 pct in 2020

The Romanian government could have difficulty maintaining the budget deficit below 3 percent of GDP despite the higher taxes in the banking, energy and telecommunications sectors as well as higher excise duties, according to a report by Unicredit Bank.   The economic growth rate is expected to fall below potential by 2020, while a risk of a technical recession grows, the report shows. Below is a breakdown of the most important predictions by Unicredit in its Q1 2019 ...

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