wiiw Forecast Reports

ROMANIA: Slowdown and twin deficits

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Gabor Hunya

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 127-130

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The Romanian economy is emerging from a period of overheating and has to tackle high fiscal and current account deficits. Economic growth will cool from 4.1% in 2019 to 3.2% in 2020, and then 2.8% in 2021. Abundant financial inflows will allow a slow reduction of the twin deficits, but with increased vulnerability to financial turbulence. Political instability is expected to continue until general elections, expected to take place in mid-2020, ahead of schedule.

 

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

Countries covered: Romania


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