Romanian FinMin: Potential economic growth amounts to 4.2% for 2017-2020

Romania’s potential yearly economic growth amounts to 4.2% for the 2017-2020 period, which is double the EU average, according to finance minister Anca Dragu. "The debt level is low and the access to financing is easy. We’ve had record low interest rates for the financing of public debt this year. It is a sign of trust of the internal and external environment in the Romanian economy,” Dragu said, reports local Agerpres. She added that all these factors represent premises for a sustainable growth, but the potential needs to be oriented to strategic areas. “The growth potential strongly affected during the crisis has recovered almost completely,” the minister added. Dragu also pointed out that Romania has improved its real convergence to the European Union, which is measured by the GDP per capita indicator, by 22 percentage points, from 34% in 2015 to almost 57% in 2015. She thinks that with the economic policies included in the Competitive Romania strategy, the country can reach a yearly growth of 5% and increase its GDP per capita to 70% of the EU average by 2020. editor@romania-insider.com