Nazare: Romania is not going through a crisis, it is a necessary consequence of the paradigm shift

„This question is, in fact, how do we move from a scenario of convergence that is fading to a scenario of competitiveness and endurance,” the Minister of Finance began his speech.
Regarding the slowdown in economic growth and the technical recession in the second half of 2025, the minister said that this is a necessary step to change the economic growth model, which he said is based on consumption through an increase in the budget deficit.

„The growth rate of 0.6% recorded in 2025 and the technical recession in the second half of the year raised legitimate questions. But I say this as firmly as possible. What Romania is going through today is not a crisis. It is the anticipated and, I would say, necessary consequence of a deliberate paradigm shift. For too long, our growth model has been based on consumption, fueled by an ever-increasing external fiscal deficit. This fiscal model was an illusion of prosperity, while at the same time eroding our economic fundamentals. We h...