18 minutes agoIMF warns Romania of high economic growth
Periskopi(8 years ago)
(8 years ago)International Monetary Fund (FMN) called on Romania today to be careful to avoid an economic growth. This state recorded in 2017 an economic growth of 7%, the highest in the European Union. ” As in a marathon, it is important to maintain a steady pace, but [...]
International Monetary Fund (FMN) called on Romania today to be careful to avoid an economic growth.
This state recorded in 2017 an economic growth of 7%, the highest in the European Union.
” As in a marathon, it is important to maintain a steady pace, but if we move too fast the race can end with negative consequences”, said Jaewoo Lee, head of the IMF's mission for Romania, during a press conference.
According to him, the economy marked growth in 2017, thanks to household consumption, in the background of wage hikes and tax cuts, the ATSH reports.
The social-democratic government's anger led to increased inflation to 4.7% in February during a year, or higher rates for more than four years and a significant increase in the trade deficit.
“In the absence of budgetary austerity measures, economic growth will become more fragile and investor confidence in the Romanian economy risks dropping”, Lee warned.
