Isarescu: Romanian economy not yet in danger of overheating

Newsroom 30/09/2016 | 18:15

Romania’s Q2 economic growth in Romania exceeded expectations, that is why, a careful evaluation is needed in the event of an overheating, governor of the National Bank of Romania (BNR) Mugur Isarescu said.

Asked whether, given the current developments, the risks of overheating went up, the BNR governor said the signs are not visible yet, but did not exclude the possibility. „They are prehaps approaching, however, the figures we have only show the entry, with the margin of error that everyone must accept, given that Romania has a positive GDP gap. The demand deficit evaporated. For the moment, the excess of demand must be evaluated very carefully,” Isarescu said.

Logo FIS2016 - 100x100Join the discussions about Romania’s economic outlook and strategy for the future at the Foreign Investors Summit 2016 – Where Romania means business – November 1-3, Bucharest.

According to the BNR governor, the economy grew in Q2 2016 on the back of a boost in consumptio and investments, with an impact of the current account deficit. „Therefore, the net export increased thus the negative contribution to the annual GDP dynamics. From an offer perspective, the services sector is maintaining its major contribution towards the intensifying of economic activity,” the BNR governor stated.

Georgeta Gheorghe

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Newsroom | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue