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Liberal-led center-right political parties will win Romania’s parliamentary elections in December and form a majority coalition, Matthew Sherwood, senior economist at The Economist Intelligence Unit, said Thursday.
He participates in the online conference “The economist – The European panorama in the shadow of the pandemic. Romania: Transformation – Recovery – Resilience”, according to Agerpres.
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“Romania and the region to which it belongs have entered this pandemic crisis in a much better way than when they entered the global financial crisis, when there was an impact of the debt crisis in the euro area. So Romania is in a better way financially, even if it suffers from a lack of fiscal space, given the deficits of recent years and the reduced capacity of institutions to combat the crisis, ”said Sherwood.
He added that he expects a contraction of Romania’s GDP of 5.7% this year and, for 2021, he estimates a slight recovery, with an increase of 4%, following the levels that would be reached before the crisis. in 2022.
According to the economist, the appearance of the political scene is very important.
“The National Liberal Party, which leads a minority government, did a good job in the September local elections. We hope that the liberal-led center-right parties will win the December 6 legislative elections and form a majority coalition,” he said. .
When asked if a majority government would make a difference, Sherwood said: “It is a big difference. There have been five governments in this parliamentary cycle, and the last three have been minority.” increase in pensions, in allocations – no) which, if maintained, will represent a significant risk of degradation and a majority coalition will be necessary to solve this problem facing Romania ”.
The representative of The Economist also referred to Romania’s weak power to absorb European funds, stating that measures will have to be taken in this regard.
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