China-topping growth sparks troubling flashback in Romania of 2008 crisis
Publicat:The last time Romania's economy outpaced China's was 2008, shortly before financial crisis engulfed most of the planet. Politicians basked in that success before the Balkan nation also succumbed, eventually requiring a 20 billion-euro (24 billion US dollars) bailout, reveals an analysis published on Friday by Bloomberg.
Almost a decade later, Romanian growth - an annual 8.8 percent last quarter - is once again outshining the world's second-biggest economy, the result of a consumer-led boom driven by lower taxes and higher state wages. Other gauges such as inflation and the current-account…
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