Fiscal Council: Govt’s Revised Scenario Of 4.2% GDP Decline Seems More Optimistic Relative To Economic Evolution, Pandemic

11.24.2020 By Ecaterina Craciun

Romania’s Fiscal Council says the macroeconomic scenario revised by the government, which envisages an economic contraction of 4.2% in 2020 and, despite being more adequate than the previous one forecasting a 3.8% decline of the real GDP, seems more optimistic relative to the evolution of the economy and the COVID-19 pandemic.

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Keywords:
Fiscal Council
, govt
, revised scenario
, budget deficit
, pandemic

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