PM Tudose: Consumption trends show rather modernity in Romania's case, should not be seen as a problem

The current consumption trends show rather modernity in the case of Romania and should not be regarded as a problem, according to Prime Minister Mihai Tudose. 

"After Washington Post and AFP spread all sorts of 'false information' on Romania's economic growth, even calling it the 'tiger of Europe', Pierre Moscovici, European commissioner for economic and financial affairs, argues in the autumn 2017 European Economic Forecast that Romania has the second largest economic growth in the world after China. Such bad a position to be on! So bad that we have performed the second positive budgetary revision this year and allocated more money for health, education, social security, infrastructure and other priority areas of government, while sticking to the 2.96-percent budget deficit target! This is so bad that INS shows that industrial output posted a record 7.7-percent growth in the first nine months of the 2017," Tudose wrote Thursday in a Facebook post. 

According to Tudose, those arguing that this economic growth is based solely on consumption posit "a false problem." 

"This is the truth from figures, and those arguing that this economic growth is based solely on consumption posit a false problem. For example, the United Kingdom (84.1 percent), Poland (76.5 percent) and Croatia (77.9 percent) are countries with a higher share of consumption in the Gross Domestic Product (GDP) than that of Romania (75.9 percent). Consumption trends show rather modernity in Romania and should not be seen as a problem. We are trying this way to change perception over this false problem and attract everything that can bring added value to our project to modernise Romania," Tudose wrote. AGERPRES .