Isarescu: Romania to see rising living standards again in 1-1/2 years

The rise in the Romanian living standards will be resumed in one and a half years, the governor of the National Bank of Romania (BNR) Mugur Isarescu told a Central and Eastern European Financial Forum held here on Thursday.
He explained that the other four components of the crisis had already been overcome in Romania – the country had overcome the toughest points in terms of the exchange rate, the balance of payments, the inflation (as a cost of the adjustment of the current account deficit) and the capital liquidity crisis.
The central bank head explained that the economic crisis in Romania is V-shaped, i.e. it doesn’t last long at its lowest point; the lowest point was recorded over Nov. 2008 – March 2009, he added.
Isarescu warned, however, that should a fresh escalation of the wages begin, the current exchange rate would no longer be one to provide balance.

Citește și

Spune ce crezi

Adresa de email nu va fi publicata

Acest sit folosește Akismet pentru a reduce spamul. Află cum sunt procesate datele comentariilor tale.