BNR’s Governor said that Romania should adjust the current account deficit while the country is still registering economic growth, considering that “nobody will finance us” at a foreign deficit of 14 percent of GDP.
Also, the unemployment rate could rise in 2009. To solve this problem, the job market needs to be flexible. Isarescu added that if many of the Romanians working abroad decide to return home, Romania should focus on requalifying the workforce in the areas of infrastructure and agriculture.
The economic growth forecast presented by BNR’s Governor is more optimistic than that forwarded by certain financial analysts. The National Prognosis Commission (CNP) is maintaining its six percent forecast for Romania’s economic growth in 2009.
