potential GDP

In a full economic advance, governments in power in the last years have chosen to redirect the money for investments towards measures of increasing wages in the public sector and pensions, with an impact on Romania’s economic growth...

Romania is captive of tax and wage policies that are hostile to long-term sustainable development. One of the most striking arguments is the very large amplitude of GDP deviations from the potential, resulting from a pro-cyclical policy which...

The International Monetary Fund (IMF) told the officials of the National Bank of Romania (BNR) that a 95% absorption of the European funds would lead to increasing the potential GDP to 4.5%, said Wednesday Valentin Lazea, Chief Economist...