Romania should be cautiously optimistic about its future economic growth, says central bank governor

Public statements should be cautiously optimistic when it comes to Romania’s economic recovery said Mugur Isarescu, governor of Romania’s central bank this Wednesday during an interview on the public television.

“I insist on the idea of cautious optimism and not optimism based on exaggerated hopes but one conditioned by patience because I can see right from the beginning of the year, a sort of impatience, as if we can recover overnight,” said Isarescu.

He explained that there are signs of recovery for 2011 but the economic rebound will be gradual process. After areas such as constructions and foreign investments have hit rock bottom the negative impact on the economy will also diminish.

“Looking over numbers and trends, there is a high probability that investments will pick up. The same applies for constructions if infrastructure projects are carried out. Also, we hope for a better year for the agriculture,” the governor explained.

In his opinion the increase of exports and the gradual growth of industrial production indicators are also good signs for Romania’s economy in 2011.

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