Romania's economy to grow quicker than expected, says finance minister – EURACTIV

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By Bogdan Neagu | EURACTIV.ro
08-09-2022
The gross domestic product rose by 5.3% in the second quarter compared with the same period in 2021. It was supported mainly by domestic consumption, while the manufacturing industry had a negative contribution. The high second-quarter growth took analysts by surprise, as previous statistics data were gloomy. [Shutterstock/LCV]

Romania’s economy will grow faster than the latest forecasts this year, Finance Minister Adrian Caciu said on Wednesday.
The gross domestic product rose by 5.3% in the second quarter compared with the same period in 2021. It was supported mainly by domestic consumption, while the manufacturing industry had a negative contribution. The high second-quarter growth took analysts by surprise, as previous statistics data were gloomy.
However, Caciu said the positive evolution was due to the companies’ response to the challenges they faced, although he admitted that the state’s support was limited by a lack of resources.
In the first half, the economy grew by 5.8% compared to the same period last year. The figure is considerably above the Romanian government’s summer forecast of 3.5% for the whole of 2022.
“We have not lost touch with reality. We are very cautious, Everyday we try to maintain stability. When one maintains stability, one starts to create prospects,” Caciu said.

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