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

Romania needs to shift its economic growth model by investing in productivity and reducing reliance on external loans, as the current model is insufficient for high development rates. Dan Bucșa, a Macro Strategist at 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 enhance 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. Romania ranks high in external borrowing relative to its economy, necessitating fiscal adjustments and reduced state financing needs.