Economic analyst: Wage-led growth policy in Romania is a treatment for symptoms, not for causes

The wage-led growth-policies adopted during the last few years by the leftist Romanian government is a treatment for symptoms and not for the causes, as Romania still has a low productivity due to low added value in its companies, Dan Bucsa, UniCredit’s chief CEE economist, told journalists in Bucharest. “Wages are lower in Romania than in other countries in the region because we are relying on small companies with low productivity. We are ...

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