What Threatens the Economic Recovery?
What Threatens the Economic Recovery?

Summary/Abstract: Romania’s macro-economic performance has been surprisingly good over the last two years. However, the ‘Economy’ section warns against some of the threats to the current economic recovery. The accumulation of soft credits in the energy sector presents the risk of generating Bancorex-type collapses. Unless public utility companies undergo deep restructuring, the energy sector will continue to plague the economy (low productivity, high real wages) and is likely to stifle its growth. The Government should take determined actions in this respect, sooner rather than later.

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