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When Having Fastest-Growing EU Economy Doesn’t Make You Richer

Romanians’ wealth has barely budged during the nation’s huge boom
A bundle of ten Romanian leu bank notes sit on display in Bucharest, Romania.

Photographer: DAVIN ELLICSON/Bloomberg

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The benefits of living in the Europe Union’s fastest-growing economy may not endure for Romanians.

Despite gross domestic product rocketing as the government splurges on higher public-sector salaries and cuts taxes, the Balkan country’s wealth – calculated as citizens’ net assets as a share of disposable income – remains about the same as it was five years ago.