Romania Current Acct Gap Seen At 4.6% Of GDP In ’09 - Ctrl Bker
Romania’s central bank expects the current account deficit to narrow to 4.6% of the gross domestic product in 2009, from 12.3% of GDP last year, deputy governor Cristian Popa said Thursday.
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Romania Current Acct Gap Seen At 4.6% Of GDP In ’09 - Ctrl Bker
Speaking in an economic seminar, Popa said the external deficit is estimated at 4.8% of GDP in 2010.
He said Romania's economy would grow by 0.5%-1.5% in 2010, adding that is his personal forecast and it doesn't reflect the central bank's official stance in the matter.
Romania's current account deficit tightened 74.6% in the first nine months of 2009 to EUR3.31 billion, from almost EUR13.04 billion in the same period a year earlier.
The International Monetary Fund estimated Romanian current account deficit will reach 5.5% of GDP at year-end.
For 2010, the IMF forecasts an economic growth of 0.5%.
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