The Romanian government looks set to scrape through tomorrow’s no-confidence vote, thus averting a fresh political crisis and keeping relations with the IMF on track for now. But with the vote effectively paving the way for a significant fiscal squeeze, it will do nothing for near-term growth prospects. We now expect the economy to contract again this year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.