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«AgroInvest» — News — Daianu: Romania’s economic growth potential drops from 5-5.5% to 2-2.5%

Daianu: Romania’s economic growth potential drops from 5-5.5% to 2-2.5%

2012-06-15 15:46:22

Capitalizing internal resources, access to EU funds and attracting external resources will increase the economic growth potential to 4-4.5% from present estimates of 2-2.5%, but the deterioration of human resources might erode this potential, says Daniel Daianu, the premier’s honorific councilor. “Bad situations must be avoided in Europe. If there is recession in Europe our growth potential will be affected. Decisions made at EU level are very important for Romania. It counts what we do at home, but the macro context is very important,” Daianu said at a press conference organized by “Ziarul financiar”.
He added that Romania’s economic growth potential dropped from 5-5.5% to 2-2.5%.
“The growth potential will continue to be eroded if we do not fight the deterioration of education, of human capital. This is the most important asset for economy and we have a big problem because of the deterioration of capital”, Daianu showed.
At the same time he considers that Romania is a singular case in Europe when it comes to the effect on the evolution of economy and public investments.

 

 

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