downturn
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Macroeconomics
Romania's GDP Falls 10.5% on Year in 2Q/2020
Romania's gross domestic product took an annual plunge of 10.5% in the second quarter after unexpected annual growth of 2.4% in the first quarter, a flash estimate from the country’s statistics board showed Friday.
Banks-Insurance
BCR CEO: It Is Very Important Not To Allow Economic Downturn To Turn Into Depression
It is very important not to let the economic downturn that will follow the coronavirus crisis turn into an economic depression, along with a financial crisis, believes Sergiu Manea, CEO of B...
Macroeconomics
Analysts Doubt Government Figures, Expect Economic Downturn To Be Worse
Economic analysts believe the government forecast of an economic decline of merely 1.9% is overly optimistic. As a result, the budget deficit, 6.7% of the GDP as the government sees it, will...