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Standard & Poor's: Romania's economy will drop by over 6% this year

Romania's economy will drop by more than 6% this year, Standard&Poor's analyst Marko Mrsnik declared ,quoted by Romanian news agency NewsIn. Mrsnik underlined that Romanian authorities need to consolidate the state's budget and the fiscal policy to stabilize ratings. The analyst explained that by the second quarter the agency will revise forecasts for Romania's falling GDP. Investments dropped significantly and so did consumption. The latest evolutions were influenced by the ...

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