What will it take for Romania to accelerate economic growth, improve competitiveness, and catch up with the rest of the European Union?
These are just some of the key questions addressed by the World Bank’s latest Country Economic Memorandum for Romania.
In formulating its suggestions of policies for medium and long term growth in the country, the Economic Memorandum draws on discussions with members of Romania’s academia, business community, trade unions, and the political establishment.
“We focus on the key sectors and the key areas where we believe that a policy agenda for the medium and long term is needed in order to accelerate economic growth and improve competitiveness,” says Senior World Bank Economist for Romania, Catalin Pauna.
According to the CEM, economic growth in Romania has already had a positive effect on the standards of living in the country, in terms of alleviating poverty.