Romania has sound macroeconomic policies and the country's GDP has returned to the pre-crisis level, states Prime Minister Victor Ponta, citing a set of data from the most recent International Monetary Fund evaluation report.
"Some of Romania's macroeconomic strengths (as per the most recent IMF evaluation): it has sound macroeconomic policies in place and the GDP has returned to the pre-crisis level. The healthy fiscal policy has reduced vulnerabilities and the baseline scenario of the evaluation team projects sustained growth that is seen reaching about 3 percent in the medium term," said the Prime Minister.
Citing the same source, Ponta stressed that liquidity reserves are high, nearing 5 percent of GDP. "The size of the Treasury buffer means that liquidity reserves are high, standing at almost 5 percent of GDP. The current account deficit reduced significantly against the backdrop of Romania's improved competitiveness, and inflation hit a record low of 1.1 percent in 2014. The exchange rate remained mostly stable — the 'leu' is generally in line with medium-term expectations," the Premier noted in a report by Agerpress.