Page 7 - ING-Romania regaining strength

Conclusions and possible risks

Economic picture looks much rosier since 2013
Fiscal policy supports economic growth this year and next year
Romanian exports reported a record market share gain in 2004-13
Cost competitiveness improved between 2009 and 2012
Question is, will the authorities be able to control the current flow?
Wage increases for civil servants may become a fiscal risk
Tightness labour markets may cause higher wage increases in many sectors

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