economic contraction
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Macroeconomics
Romania Approves Third Budget Revision Of 2020
The Romanian Government has approved the third budget revision of 2020, which is built on an economic contraction of 4.2% and a nominal gross domestic product (GDP) of RON1,050 billion.
Banks-Insurance
ING Bank Forecasts 0.9% Economic Contraction For Romania In 2020
ING Bank has revised downward its growth forecast for Romania’s economy, expecting an economic contraction of 0.9% for 2020. The bank also revised its estimations for the region, amid the co...