Cosmin Marinescu (BNR): Perspectivele economice pentru acest an se mențin rezervate sau chiar în teritoriu negativ

Cosmin Marinescu, the BNR vice-governor, indicates that Romania's economic outlook for this year remains cautious, potentially leading to stagflation. He highlights the need for a shift from consumption-driven growth to investment-led growth, emphasizing the importance of sustainable public finances and responsible budget management. Inflation is on a downward trend, but forecasts suggest it may exceed 6% by year-end. The public debt has surpassed 60% of GDP, raising concerns about interest expenses. Marinescu outlines three key conditions for future economic growth: sustainable public finances, improved company financing, and a shift towards quality and innovation in exports. He stresses the necessity of reforms to achieve sustainable growth amidst current uncertainties.