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Prospects for Romania’s convergence

Prospects for Romania’s convergence. Perspectives from EU countries with earlier accession. Guillermo TOLOSA Resident Representative for Romania and Bulgaria International Monetary Fund. Fast convergence is possibl e, but not a given.

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Prospects for Romania’s convergence

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  1. Prospects for Romania’s convergence Perspectives from EU countries with earlier accession Guillermo TOLOSA Resident Representative for Romania and Bulgaria International Monetary Fund

  2. Fast convergence is possible, butnot a given GDP per capita; cumulative percentage change as % of Euro area The price of populism Source: World Bank, World Development Indicators

  3. The crisis made it harder, raising stakes for policy Income levels relative to advanced economies Percent of advanced economies GDP per head at PPP Source: WEO

  4. Convergence opportunities - Manufacturing Spain Portugal Ireland Romania Source: AMECO database

  5. Convergence opportunities – Foreign investment has room to recover Spain Portugal Ireland Romania Source: World Bank, World Development Indicators

  6. Convergence opportunities – Untapped labor force Employment in agriculture (% of total employment) 2013 Source: World Bank, World Development Indicators, Eurostat

  7. Thank you

  8. European Convergence, GDP per capita in PPP, as % of EU *Greece - Only data from 1980 onwards available Source: World Bank, World Development Indicators

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