economedia.ro/dan-bucsa-wellington-management-roma

Romania needs to shift its economic growth model to enhance productivity and reduce reliance on external borrowing, as current growth rates are unsustainable. Dan Bucșa from Wellington Management highlighted that productivity has increased by less than 1% annually over the past decade, limiting potential growth to 1%-1.35%. Structural changes, such as de-globalization and high energy costs, are pressuring the economy. Bucșa emphasized the importance of industrial policies to boost productivity and attract investments. He also pointed out the need for a unified European capital market to compete with the US and China in attracting investments, particularly in AI technology. Romania ranks high in external borrowing relative to its economy, necessitating fiscal adjustments and reduced state financing needs.