The Romanian economy performed better than expected, growing at 5.8 percent in the first half of 2022 on the back of robust private consumption performance and early signs of investment recovery. Prospects depend on the evolution of the war in Ukraine and its impact on the European economy. The fiscal deficit is on a downwards trend, but it remains elevated. Poverty is expected to decline to 11.7 percent in 2022.
The project aims to improve the resilience, energy efficiency, and learning environment of selected schools in Romania. Increasing institutional capacity for integrated investments is also an important aspect, among others.
The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now.