Analysts: Watch out, neither over 5% growth nor wage increases are sustainable
„The bad news is that the economy cannot grow sustainably by 5% based only on monetary, fiscal and salary stimuli,” said Valentin Lazea, Chief Economist
„The bad news is that the economy cannot grow sustainably by 5% based only on monetary, fiscal and salary stimuli,” said Valentin Lazea, Chief Economist
* Romania’s quarterly gross GDP between 2000-2017 (seasonally adjusted data) Source: INS * The unexpectedly high GDP growth in the first quarter, at 5.7%
The European Commission (EC) revised downward the estimate of Romania’s economic growth in 2017, to 4.3%, according to the spring economic forecast released on Thursday.
Foto: Valdis Dombrovskis (left) and Pierre Moscovici The Vice-President of the European Commission Valdis Dombrovskis and the Commissioner for Economic and Financial Affairs Pierre Moscovici
Romania might register in 2017 an economic growth slowdown to 3.6% from the 2016 estimate of 5%, and a budget deficit of 3.3% based on the
The country’s financing needs for this year is around 9% of GDP, which is sustainable, given that „Romania has a good macroeconomic image,” said Wednesday
Prime Minister Sorin Grindeanu said on Sunday evening on Romania TV that the budget deficit in 2017 will fall within the set target of 3%,
The social security spending increased over the ten years of EU membership by slightly more than two percent of GDP and about a quarter of
Romania and Poland „have a very limited room for manoeuvre in the tax area” – if needed, in case that the budget deficit would exceed
The salary increases recently adopted by the Parliament will cause the increase of Romania’s budget deficit to about 3.5% of GDP in 2017, well above
Prime Minister Dacian Ciolos declared on Tuesday his dissatisfaction that the Parliament votes on various social benefits without a minimal calculation of the budget impact.
Premierul Dacian Cioloș și-a declarat marți nemulțumirea legată de faptul că Parlamentul votează diferite beneficii sociale fără un minim calcul de impact bugetar. Premierul a
A recent statement of the Governor of the central bank has sparked heated public discussions. Mr. Mugur Isarescu said that Romania’s macroeconomic situation in the
„The bad news is that the economy cannot grow sustainably by 5% based only on monetary, fiscal and salary stimuli,” said Valentin Lazea, Chief Economist
* Romania’s quarterly gross GDP between 2000-2017 (seasonally adjusted data) Source: INS * The unexpectedly high GDP growth in the first quarter, at 5.7%
The European Commission (EC) revised downward the estimate of Romania’s economic growth in 2017, to 4.3%, according to the spring economic forecast released on Thursday.
Foto: Valdis Dombrovskis (left) and Pierre Moscovici The Vice-President of the European Commission Valdis Dombrovskis and the Commissioner for Economic and Financial Affairs Pierre Moscovici
Romania might register in 2017 an economic growth slowdown to 3.6% from the 2016 estimate of 5%, and a budget deficit of 3.3% based on the
The country’s financing needs for this year is around 9% of GDP, which is sustainable, given that „Romania has a good macroeconomic image,” said Wednesday
Prime Minister Sorin Grindeanu said on Sunday evening on Romania TV that the budget deficit in 2017 will fall within the set target of 3%,
The social security spending increased over the ten years of EU membership by slightly more than two percent of GDP and about a quarter of
Romania and Poland „have a very limited room for manoeuvre in the tax area” – if needed, in case that the budget deficit would exceed
The salary increases recently adopted by the Parliament will cause the increase of Romania’s budget deficit to about 3.5% of GDP in 2017, well above
Prime Minister Dacian Ciolos declared on Tuesday his dissatisfaction that the Parliament votes on various social benefits without a minimal calculation of the budget impact.
Premierul Dacian Cioloș și-a declarat marți nemulțumirea legată de faptul că Parlamentul votează diferite beneficii sociale fără un minim calcul de impact bugetar. Premierul a
A recent statement of the Governor of the central bank has sparked heated public discussions. Mr. Mugur Isarescu said that Romania’s macroeconomic situation in the