QN 11.12.2012 from FCA

Ppolitica monetara a BNR are doua obiective; preturi stabile si curs stabil. Pentru a aproxima cat mai corect miscarile viitoare ale BNR este nevoie sa intelegi ce se intampla cu preturile si cu cursul de schimb.

QN11a.12.2012

Florin Citu is the founder of FLORIN CITU ADVISORY , an independent macroeconomic research and consulting firm. More details will be available in English on our page soon. Until then please contact us at office@florincituadvisory.com

Testul de volatilitate a politicilor economice

De la inceputul anului Romania a trecut pe scena politica prin trei guverne si este in mijlocul unui proces de suspendare a Presedintelui. Politica fiscala a trecut de la un deficit bugetar de 1.9% cu o crestere economica estimata de peste 2% la un deficit bugetar de 2.1% cu o crestere economica estimate de 1.5%. Cursul de schimb s-a depreciat aproape 7 procente iar banca centrala a stopat ciclul de scadere al dobanzilor.
Continue reading “Testul de volatilitate a politicilor economice”

Latest data confirm weakening Romanian economy

Last week we had a flurry of data releases for Romania. If we were to use one word to describe the view about the economy from these data it would be: worrisome. In the same time the data should not surprise as the beginning of the year was hit by bad weather. However, the data, as bad as it wass, should have been expected as over the last 36 months Romanian economic policies were not designed to promote (short or long term) growth. Over this period the evolution of the economy was mainly driven by the dynamic of the EU27 economy. Continue reading “Latest data confirm weakening Romanian economy”