Continue to content

Roundtable discussion: Romanian economy – an outlook

On 16 April, the Institute for Foreign Affairs and Trade organized a roundtable discussion entitled the Romanian economy – an outlook, where Dr Andrei Radulescu, Director of Macroeconomic Research, Banca Transilvania and Gábor Miklós, assistant lecturer at Corvinus University of Budapest shared their knowledge and thoughts with the audience. The discussion was moderated by Péter Goreczky, senior analyst at the Institute for Foreign affairs and Trade.


On 16 April, the Institute for Foreign Affairs and Trade organized a roundtable discussion entitled the Romanian economy – an outlook, where Dr Andrei Radulescu, Director of Macroeconomic Research, Banca Transilvania and Gábor Miklós, assistant lecturer at Corvinus University of Budapest shared their knowledge and thoughts with the audience. The discussion was moderated by Péter Goreczky, senior analyst at the Institute for Foreign affairs and Trade.

In his presentation, Radulescu outlined the characteristics and structure of the Romanian economy, analyzing actual trends and providing an economic forecast until 2020 based on his model. He elaborated on the global and European macroeconomic climate, as well as on the economic cycles and development trends that characterized Romania recently. According to his mid-term outlook, the growth rate of the Romanian economy will decelerate, nonetheless remaining one of the highest in Europe. During the discussion, Gábor Miklós highlighted three important issues that affect both Hungary and Romania, such as the large-scale emigration and lack of workforce in the region, the consequences of the IT revolution, and prospects for a deeper monetary integration and the introduction of the euro. The questions from the audience focused on the SME sector, the human capital and the effects of political instability on the economy.