RECESSION
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EY: Most CEOs Fear Recession Will Be Worse Than 2007-2008 Financial Crisis
The vast majority of CEO respondents (98%) are bracing for an economic downturn characterized by geopolitical tensions, supply chain disruption, and ongoing COVID-19-related uncertainty, but appear split on its length, depth, and severity, according to the EY...
Romania Central Bank Revises Up Its Annual Inflation Forecast To 12.5% For End-2022
Romania’s central bank has revised upwards its annual inflation rate forecast to 12.5% for the end of 2022 and to 6.7% for the end of 2023, the bank’s governor Mugur Isarescu told a news con...
Concordia: From 4.2% Economic Growth Projection To Possible Recession
The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growt...
World Bank Sees Romania's GDP Contracting 5.7% This Year, Growing 5.4% in 2021
Romania's economic growth is forecast to contract 5.7% this year from a previous estimate of a slowdown to 0.3%, the World Bank said in its latest economic update.
Frames Analysis: Over One Million Romanians At Risk Of Unemployment Amid COVID-19 Crisis
Over one million employees in Romania are at risk of unemployment amid the coronavirus crisis, as per an analysis by consulting firm Frames, which also says Romania may enter recession unles...
Bucharest Stock Exchange Comes Down With Recession Fears
The Bucharest Stock Exchange plunged 7.5% on Monday and Romanian companies lost about 12.7 billion lei (EUR2.63 billion) of their capitalization in the most aggressive trading session since...
Turmoil On International Financial Markets Cause For Concern In Bucharest
The German stock market fell by another 2% on Thursday, and the decline since the beginning of the year reached 18%. The Greek stock market has dropped by more than 30% since the beginning o...
European Commission Sees Romania Out of Recession In 3Q
Romania’s gross domestic product rose 1% in the third quarter against the previous quarter, according to the European Commission’s latest forecasts, which means the economy is out of technic...
UniCredit: Exports Revival Could Prevent Recession In 2012
Romania could prevent recession in the second half of 2012 and meet the budget deficit target of 2.2% of the gross domestic product GDP only through a boost of foreign demand, considering th...