“There are sufficient data, including in the agriculture sector, that would justify at least a partially reduced prognosis on the economic growth,” Isarescu told a news briefing.
Romanian authorities expect an economic growth of 1.5% in 2012, after an increase of 2.5% in the previous year.
Isarescu didn’t say what the revised prognosis should look like, but hinted the latest estimates from the European Bank for Reconstruction and Development might be too gloomy.
The EBRD recently revised downward its forecast on the Romanian economic growth to 0.8% in 2012, from 1.2% previously, citing the country’s increased vulnerability to the on-going debt crisis in the eurozone and potential adverse effects of the political turmoil at home.
“I won’t say that I agree with EBRD’s outlook, but there are reasons for a reduced forecast,” Isarescu said.