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Romania’s CA deficit widens by 21% y/y to EUR 26.5 bln in 12 months to July
Romania’s current account (CA) deficit widened by 21% y/y to EUR 26.5 billion in 12 months to July, after two record monthly deficits of over EUR 3 bln in June and July, according to data published by the central bank BNR.
iulian ernst · Journalist
· Updated · 2 min read
Romania’s current account (CA) deficit widened by 21% y/y to EUR 26.5 billion in 12 months to July, after two record monthly deficits of over EUR 3 bln in June and July, according to data published by the central bank BNR.
Instead of decreasing or at least remaining constant (at 7%) as expected by the state forecasting body CNP, Romania’s CA-to-GDP ratio increased to 7.9% in 12 months to July, from 7.0% in 2023 and 7.2% in 12 months to July 2023.
