Isarescu: Great danger in upcoming period is appearance of a well-being, euphoria feeling

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We view as a great danger in the next period the appearance of a state of well-being, of euphoria, stated on Friday Central Bank Governor Mugur Isarescu. “The economic uncertainty remains high enough even now.

Forecasts are not optimistic, we do not want to send an optimistic message, just one of a higher confidence. And we are far from sending euphoric messages. On the contrary, we believe that a substantial burden in the coming period is the appearance of a well-being, euphoric felling”, said head of Romania’s National Bank (BNR).

According to him, there are “more than encouraging” positive trends in the evolution of the monetary cost of labor in industry, therefore mainly in the private sector.
“Here, adjustments were pretty severe and I think they will help the Romanian economy not only as regards inflation. They will also help competitiveness, a healthy economic growth and the increase of the standard of living on solid basis”, stressed the Governor of the Central Bank.

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