FinMin Nazare: Real risk not temporary technical recession, but reversal of fiscal adjustment
INS
The real risk for Romania is not a temporary 'technical recession' but a reversal of the fiscal adjustment process and any deviation from the consolidation path would erode investor confidence, increase financing costs and put pressure on the country's rating, Finance Minister Alexandru Nazare said on Friday. According to him, the data published on Friday by the National Institute of Statistics (INS) show a cyclical adjustment, in the context of the historic deficit and the measures taken last
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