Erste Raises Forecast For Romania 2012 Deficit, Warns Of Political Instability

07.04.2012 By Florentina Dragu

Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it expects public spending to increase further on the backdrop of continuing political instability.

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Keywords:
ERSTE
, DEFICIT
, FORECAST