wiiw Forecast Reports
ROMANIA: Who pays the bill for fiscal loosening?
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in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 124-127
Economic growth turned out at 4.2% in 2018, above wiiw expectation, and the decline to or below 3% p.a. in 2019-2021 will be below earlier forecasts. Beyond deteriorating external conditions and weak investments, new unorthodox fiscal policy measures will drag on the economy. Raising fiscal revenues by taxing turnover in the banking, telecom and energy sectors will suppress economic activity.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Romania