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
18:05
Gianni Infantino seeks the support of Donald Trump to keep his position, following criticism related to his plan to sell the commercial rights of the World Cup.
18:02
A Taliban delegation has arrived in Chișinău with Moldovan visas. The authorities are checking how they were obtained.
17:49
A highway in Morocco will bear the name of Donald Trump, in tribute to the recognition by the USA of Moroccan sovereignty over Western Sahara.
17:42
Volodymyr Zelensky proposes a ceasefire and wishes for a meeting with Vladimir Putin, according to a presidential advisor from Kiev.
17:36
Ludovic Orban, attack on Nicușor Dan: "He is the main culprit, alongside PSD, for the current political crisis"
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
