CPAG Study: Romania’s Next Stage Of Economic Convergence Must Be Driven By Productivity

today, 18:14 By Ecaterina Craciun

In Romania, the advantage of low costs has significantly eroded during 2021-2024, when labor costs grew faster than labor productivity, and, for the next stage of economic convergence, it is necessary to reverse this trend, show the findings of a research by Consilium Policy Advisors Group (CPAG) on globalization and economic convergence in Central and Eastern Europe.

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Keywords:
CPAG
, Economic Convergence
, Romania
, Productivity