EC: Inequality & poverty, still present in Romania despite economy growth

Romania still displays a paradox of social inequality and poverty, while the country’s economic growth stays above the European Union average, said Angela Cristea, head of the European Commission office in Romania, during a press conference on April 11. The rural area and children remain among the disadvantaged groups, as one in two Romanian children face poverty risks. Romania’s economic growth is based on consumption, less so on investments. The country’s budget deficit is close to the low threshold of 3%, while the structural deficit continues to deviate from the 1% target, the EC representative added. On the other hand, unemployment is at the lowest level in 20 years, which is a record. Half of children in Romania at risk of poverty or social exclusion editor@romania-insider.com