NBR Governor Mugur Isărescu says Romania is not in recession, but there are risks. The economic situation has improved, but it depends on the fiscal program.

NBR governor Mugur Isărescu said Romania is not in recession by standard definitions, although risks are present. He pointed to improvements on the monetary side, with restored reserves and a stable exchange rate. Isărescu noted that economic developments depend on the continuation of the fiscal program to maintain the country's credibility. His forecast suggests economic growth of 0-1% over the next 12 months, dependent on the absorption of European funds.