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Opinion | Sorina Faier: Private versus Public Wages

Global economy to rebound by early 2022, with the fastest rate recorded in the 21st century: PwC

The global economy is projected to grow in 2021 by around 5%, the fastest rate recorded in the 21st century, returning the global economy in aggregate to pre- pandemic levels of output by the end of 2021 or early 2022, according to PwC Global Economic Watch 2021. While the global economy is likely to be back to its pre-crisis levels, the rebound will be uneven across different countries, sectors and income levels. Growth will be contingent on a successful and speedy deployment of vaccines and continued accommodative fiscal, monetary and financial conditions in each country. ”The global optimistic forecasts give confidence that the recovery of the past year losses will be faster than previously thought at the start of the pandemic. Romania is following the global trend, given that the National Commission for Strategy and Prognosis forecasts an increase of 4.5% this year, after the decline of 4.2% in 2020. This is good news for the business environment that will need, however, furt

PM Citu: Budget draft will be ready in first part of next year; we aim at 7 pct budget deficit

23/12/2020 22:13 Prime Minister Florin Citu stated on Wednesday that the budget draft will be ready in the first part of next year, mentioning that the majority of details are decided on and that the budget deficit may stand around the value of 7 pct. The budget draft will be ready in the first part of next year. The majority of details are decided on. What we know very well is that we aim for a budget deficit of 7 pct or better, depending on how the discussions will unfold, but at this time these are the details. We are waiting, in order to have all information, and the estimates of the National Commission for Strategy and Prognosis. You know very well that the budget is based upon the estimates of the National Commission for Strategy and Prognosis. After that we can speak of the other macroeconomic indicators, said the Prime Minister, at the Palace of the Parliament, after the investiture vote.

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