Finance Minister: Romania's 1.3% growth will depend on foreign markets

Romania will be able to see 1.3% economic growth this year if
no further external turmoil occurs, with budget revenue collection
to return to the scheduled level from March on, estimates Finance
Minister Sebastian Vladescu.
The economic growth target set for this year at 1.3% can be
achieved if “foreign markets don’t experience further turmoil,”
Vladescu told a news conference yesterday.
“Any estimate around 1% can be taken into consideration. The
1.3% economic growth can be achieved by Romania, if the foreign
markets don’t experience further turmoil. The Romanian economy is
showing signs of growth, an incipient one. But the Romanian economy
cannot grow on its own. Growth is linked to the global
trend.”
The Finance Minister, however, recommends “attention to what
is happening around us,” considering that the world is not out of
the crisis yet. “Romania will be able to see solid growth only when
its trading partners will put the crisis behind them. We have
confidence. There are real signs of growth. But the end of the road
is a long way ahead.”