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Further Romanian growth will require structural reform

Wednesday, July 5, 2017

Subject

Growth prospects.

Significance

Growth has been driven by a few high-performing sectors, such as manufacturing (especially automotive and IT). There are now prospects for accelerating convergence with the EU. Marked inequalities between sectors and regions remain.

Impacts

  • Romania is becoming an attractive destination for foreign investment in higher-value-added activities.
  • Skills shortages are likely to increase, requiring intervention in education and migration policy.
  • There is increased pressure on the government to provide leadership and address structural issues.

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