Romania Consumer & Retail Q4 2018
Consumption in Romania has been growing at impressive rates, with record high 9.4% y-o-y growth in 2017. Thismomentum will continue into 2018, where consumer friendly fiscal policies, such as a decrease in VAT and increases in pensionlevels, will support average growth of 6.2% for the year. Going forward, rising inflation, hikes to the Central Bank's policy rate andquestions about the affordability of the government’s expansionary fiscal policy, is dampening consumer confidence and having aknock-on effect in retail sales and consumption.
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