wiiw Current Analyses and Forecasts

Romania: Desperate austerity

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in: Will Exports Prevail over Austerity?
wiiw Current Analyses and Forecasts No. 6, , pp. 80-83

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The GDP growth forecast for Romania has been revised to -1% in 2010 due to the negative effects of the recent fiscal austerity on consumption and investment.
The shaken political power of the ruling coalition hinders reforms that are necessary to raise the efficiency of public services.
With IMF support in place and exports recovering, external financing will remain adequate to avoid a more severe crisis.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Romania, SEE


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