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ING Romania warns fiscal consolidation will weigh on fragile growth and inflation outlook
The planned fiscal consolidation measures in Romania are likely to weigh heavily on already sub-optimal economic growth, ING Bank Romania economists Valentin Tătaru and Ștefan Posea warned in an analysis cited by CursDeGuvernare on June 16.
iulian ernst · Journalist
· Updated · 2 min read
The planned fiscal consolidation measures in Romania are likely to weigh heavily on already sub-optimal economic growth, ING Bank Romania economists Valentin Tătaru and Ștefan Posea warned in an analysis cited by CursDeGuvernare on June 16.
They expect the country's GDP to grow by just 1.2% in 2025, well below the Government's initial forecast of 2.5% and even lower than the recently revised official estimate of 1.4%.
