Isarescu said the country’s economy is vulnerable because growth is consumption-driven and the growth of consumption is not sustainable in the long term and demand is bound to soften. He added it would be best to preempt a potentially brutal readjustment of consumption driven by market forces with “wise measures”.
Romania’s economic growth is expected to exceed 4% this year, as consumption grew nearly 8%.
Isarescu added the state of the country’s economy is concerning but manageable and it was the finance ministry’s job to take adjustment measures.