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Romania GDP Likely To Grow In 2Q – ING

Romanian gross domestic product is likely to post growth for the second quarter, supported by increased local demand, but the improvement will be only temporary, ING Bank said in a survey.
Romania GDP Likely To Grow In 2Q - ING
25 iun. 2010, 12:24, English

It said the low banking interests have been somewhat appealing to consumers so far, but the government’s austerity package will negatively affect loans, particularly the ones in lei.

Consequently, retail sales are bound to go down, further affecting the economy, the report noted.