Isarescu: Romania should consider a 6-pc current-account deficit
‘As far as the current-account deficit is concerned, BNR once voiced its opinion, an estimate, and that was, given the size of the European funds, Romania will have to consider a 6-percebnt current-account deficit,’ Isarescu said in relation to the 2010 deficit. Romania’s quitrent-account deficit in the first two months of 2010 stood at 754 million euros, up 64.3 percent from the first two months of 2009.
Coface rating agency is expecting Romania‘s current-account deficit to reach 10.4 percent of the Gross Domestic Product (GDP) in 2010, compared with 9.5 percent in 2009. The National Statistics Institute (INS) has included in its 2009-2014 autumn projections an estimate for the current-account deficit of 6.27 billion euros, or 5.1 percent of the GDP.