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CFA Romania: Coronavirus expected to strongly impact economy until Q2 2021

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Financial analysts expect the coronavirus to make a strong economic impact until the second quarter of 2021, found a survey conducted in July 2020 by Romania's chartered financial analysts association CFA Romania.

Romania's economy is expected to end this year with a budget deficit of 8.3 percent and to shrink 4.4 percent. The average projected unemployment rate is 7 percent.

"Four questions have been added since April this year to the survey on the impact of the coronavirus crisis on the national economy, and the results for July 2020 are the following: the duration of the coronavirus

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