Romanian economy likely heading to “hard” landing, finance minister says
Romanian finance minister Tanczos Barna, present on Wednesday, May 7, at the Romanian Business Leaders Summit in Bucharest, said that a hard landing (signaling a sharp correction) of the Romanian economy is possible, as a “soft” landing is…
Radu Dumitrescu · Journalist
· Updated · 2 min read
Romanian finance minister Tanczos Barna, present on Wednesday, May 7, at the Romanian Business Leaders Summit in Bucharest, said that a hard landing (signaling a sharp correction) of the Romanian economy is possible, as a “soft” landing is not very credible, considering the 8.3% budget deficit.
The minister’s comments come after the Romanian stock market saw a flash sale after the first round of the presidential elections which brought far-right populist George Simion to first place, with 40% of the votes.
