EU Predicts Romania’s 2024 GDP Growth at 1.4%, Deficit to Hit 8%

The European Commission expects real GDP growth to slow significantly in 2024, to 1.4%, according to the EC ‘s autumn forecast. Romania’s general government deficit will reach 8% of GDP in 2024, much higher than in 2023 and more than one percentage point above the government’s target. The EC underlines that the higher-than-expected deficit reflects the very rapid growth of public spending, mainly due to large increases in public ...

Developed by Codecraftsman