Isarescu: Romanian economy not yet in danger of overheating

isarescuRomania’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, according to Business-Review.eu.

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 rpehaps 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,” Mugur Isarescu said.

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