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Top economist Daianu: Romania s economic growth will be around 6pct in 2021

09/04/2021 18:45 Romania will have a respectable rate of economic growth in 2021 that will hover around 6%, between 5.5% and 6%, said on Friday, Chairman of the Fiscal Council Daniel Daianu told an online event. In my opinion, if we look at the global context, we are witnessing a paradigm shift, because the European plan is far-reaching and focuses on investment. In the United States, Biden s infrastructure programme is again a paradigm shift. It makes us think of Franklin Delano Roosevelt s new deal policy. The European Plan accounts for about 5% of the European Union s aggregate Gross Domestic Product, the Biden administration s plan accounts for about 10% of the United States Gross Domestic Product. Surely, they are plans covering many years, as is Romania s plan, the National Recovery and Resilience Plan, which - at 30 billion euros - is the equivalent of about 14% of Romania s Gross Domestic Product, analogous to what such plan means in Poland. Economic recovery has i

US health care costs are trending down in 2020, but that s not necessarily a good thing

A new report on health care costs in the United States is making waves for a reason never seen before — health care spending appears to be about 2 percent lower this year than last.  For context, this slight decrease is the first one ever observed since data on health care spending first became available in the 1960s, according to the Kaiser Family Foundation report.  That sounds like a good thing, right? After all, health care costs in the United States are exorbitantly high compared to other countries. The Centers for Medicare & Medicaid Services report that total health care spending here reached $3.6 trillion in 2018, accounting for nearly 18 percent of the United States Gross Domestic Product. No other global power comes even close. 

U S health care costs are trending down in 2020, but that s not necessarily a good thing

A new report on health care costs in the United States is making waves for a reason never seen before — health care spending appears to be about 2 percent lower this year than last.  For context, this slight decrease is the first one ever observed since data on health care spending first became available in the 1960s, according to the Kaiser Family Foundation report.  That sounds like a good thing, right? After all, health care costs in the United States are exorbitantly high compared to other countries. The Centers for Medicare & Medicaid Services report that total health care spending here reached $3.6 trillion in 2018, accounting for nearly 18 percent of the United States Gross Domestic Product. No other global power comes even close. 

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