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Speed, path of Romania's economic recovery, uncertain, conditional on pandemic developments (BNR)

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The speed and path of the economic recovery are uncertain, conditional on the evolution of the COVID-19 pandemic and the associated restrictive measures, as well as on the economy's response to fiscal and monetary stimuli, according to the minutes of a monetary policy meeting of the board of the of Romania (BNR) of August 5, 2020. "Turning to the future developments in the cyclical position of the economy, it was shown that the new assessments reconfirmed the magnitude of the anticipated downturn for this year, showing also a relatively stronger economic recovery in 2021, amid…

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