Romania: Export-led recovery and improved current account

Export-led growth to stabilise in 2014. Insolvencies will decline but remain at elevated level. Monetary policy on the back of low inflationary pressures. Exchange rate surprisingly resilient. Banking system remains vulnerable. Fiscal consolidation continues but risks remain. Current account narrows to adequate level. External debt is high but forecast to decline. Foreign exchange reserves are stagnating.

Romania: Export-led recovery and improved current account - Report

romania-country-report-mar14.pdf

pdf |