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Romania’s economy is on the verge of stagnation. This situation should come as no surprise. Economic growth based on large deficits – both budgetary and external – was unsustainable and could not continue at the pace of the last decade….
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The idea for this post came to me after reading a recent article in Ziarul Financiar (Financial Daily) that attempted to answer the question in the title above. The article offered as its main explanation the lack of significant investments,…
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The rise of populism is a cause for concern all over the world. But the rise of this current of thought in Europe and the US is being watched particularly with concern, because of the major economic and geopolitical impact…
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Donald Trump’s victory is becoming more and more the main scenario of the American elections. Hence, analyses assessing the consequences of such an outcome are multiplying. To this end, Mr. Trump’s decisions during the previous presidency and the statements he…
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The prosperity of a country cannot be reflected by a single indicator For many people, macroeconomic indicators are big unknowns. Concepts like the current account deficit or core inflation are not understood by most of the general public, or even…
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It is already common knowledge that, in the process of its accession to the EU and afterwards, Romania used only a part of the European funds it had at its disposal for development and accelerating convergence. Looking at the infrastructure…
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A recent study by well-known Japanese bank Nomura nominates Romania as the second most vulnerable country to an exchange rate crisis after Egypt. In third and fourth place are Turkey and Sri Lanka, respectively. The alert threshold is defined as…
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Joining the eurozone was seen as a miraculous solution to all the economic problems the country had faced so far. Therefore, any way of achieving this goal, including manipulating economic statistics, was perfectly justified. With a debt of over 100%…
Read moreI recently attended a conference on regional security issues with remarkable international participation. Evidently, the paramount topic in all presentations and debates was the war in Ukraine: what could have prevented it, how it is unfolding, what will be the…
Read moreThe yield curve plots the returns on government bonds by maturity, starting from the shortest and going up to the longest ones. The chart is closely watched as it can provide interesting indicators about the investors’ perception of future economic…
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