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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