Recent fiscal measures will push inflation up to 8% and the economy could stagnate or fall into recession, warns ING Bank Romania.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
ING Bank Romania predicts that fiscal measures to reduce the budget deficit, including VAT and tax hikes, will push inflation to 8%. With falling consumption and sluggish economic growth, mild recession is becoming a possibility. Consumer confidence has fallen and economic risks are rising, which could prompt the National Bank to revise its inflation forecast. Economic growth projections are pessimistic with risks of stagnation or contraction.
Sources
ING avertizează. Inflaţia merge spre 8%, creşterea economică se duce spre zero. Riscul de recesiune nu poate fi ignorat
Pronostic îngrijorător de la ING: Inflația va urca spre 8 la sută, riscul de recesiune nu poate fi exclus
Avertismentul unei bănci importante: Inflația urcă, creșterea economică o ia spre zero. Riscul de recesiune nu poate fi ignorat
ING avertizează. Inflația merge spre 8%, creșterea economică se duce spre zero. Riscul de recesiune nu poate fi ignorat
Latest News
23:52
Sorin Grindeanu, on the appointment of Siegfried Mureșan as prime minister: “He will go down gloriously in Parliament”
23:37
Nicușor Dan is said to have proposed Siegfried Mureșan for the position of prime minister without informing the coalition leaders beforehand (sources)
23:22
Dominic Fritz denies having told Nicușor Dan: “This thing with Romania is your problem; the party is my problem”
23:16
Donald Trump withdrew his proposal to lead ICE
22:53
Mark Carney Rejects U.S. Pressure and Backs Closer Ties Between Canada and the EU
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
