Anticipated Public Deficit in Romania by UniCredit to Reach 8.5% of GDP in Current Year
Romania Insider reports on new forecasts for the country's public deficit from both UniCredit Bank and Moody's.
According to the July 14 UniCredit Bank report, Romania's public deficit, measured using ESA terms, is projected to reach 8.5% of GDP in 2021. This figure is more pessimistic than Moody's forecast, which predicts a widening of the deficit to 5.6% of GDP in 2024.
Moody's, on the other hand, has a more optimistic outlook for Romania's public deficit in the short term. The credit rating agency forecasts the deficit at 7.8% of GDP for 2021, lower than UniCredit Bank's projection. For 2024, Moody's projects the deficit to be 9.3%.
The new UniCredit Bank report might provide an updated comparison of Romania's public deficit with other countries or economic regions. It could also offer insights into Romania's economic outlook for the remainder of 2021 and beyond. The report might discuss the impact of the July 7 fiscal package on Romania's public deficit.
The European Commission has a projection for Romania's public deficit without the July 7 fiscal package, which stands at 8.6% of GDP. UniCredit Bank's projection for Romania's public deficit in ESA terms without the fiscal package is not specified in this paragraph.
The new UniCredit Bank projection for Romania's public deficit might be more optimistic, pessimistic, or similar to previous projections. It might be compared to the projections of other financial institutions, such as Moody's.
Access to the article requires a Romania Insider membership or signing in. The full report can be found on their website for those interested in a more detailed analysis of Romania's economic situation.
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