Finance Minister Adrian Cachiu said on Wednesday that he did not believe the INS had made a mistake in correcting economic growth data and launched an attack on professional forecasters who appear on television and who never achieved what they predicted .
On Wednesday, the finance minister was asked about the INS’s sudden revision of economic growth data, criticism from some analysts and whether it is possible for the agency to manipulate the economic data.
- “From the point of view of the statements of some analysts, I’m a fan of analysts, I would wonder why they didn’t look at the forecast of the European Commission. It’s easy to throw mud at a national institution because it probably doesn’t answer to you every day on TV.
- But whatever the INS is telling us, whether it’s applied a new methodology or restructured certain Q1 or Q2 data, it’s a lot more reasonable than what the European Commission or the IMF are telling us. Is everyone manipulating data and only our analysts know how to do it?”, This was announced by Finance Minister Adrian Cachiu on Wednesday.
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