Artificial Intelligence and machine learning (photo BiancoBlue, Dreamstime.com)
For many years, Romania's labor market appeared exceptionally resilient: employment increased, wages rose rapidly, and unemployment remained low. This was driven by consumption supported by fiscal expansion, rising wages and widely accessible credit. But this growth model is now reaching its limits.
In the last year, Romania's macroeconomic landscape has changed rapidly. Economic growth, which was previously driven by consumption, is now limited by fiscal tightening, weaker domestic demand and a shrinking labor market, according to an ING analysis.
More details on Profit.ro.
