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Current Account Deficits: A Chronic Disease of the Romanian Economy?



The study is emphasizing the weak performances of the Romanian economy, unable to turn positive the current account deficits. On the contrary, because of rising problems in deficits financing through autonomous flows, the debt accumulation could lead Romania on the brink of entering a financial turmoil. The adverse impact of slowing IPT flows and the side effects of increasing FDI stock could bring more close the time horizon of this dramatic perspective. Even if the current account deficits persistently overcame the warning level (as % of GDP), it seems obvious that the Romanian governmental and monetary authorities have not been aware of the threats, not taken any action to address external imbalances, as policies focused on sound structural reforms and exports’ sustaining.

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