23
January

Click on the Image to view it full size. While Romania benefited from amazingly rising exports during the last years – a main driver of GDP growth – Romania suffered also from a heavily accelerating trade deficit and current account deficit. However, in 2009 imports dropped much faster than exports so that both the trade deficit and the Current Account deficit were considerably reduced. While the exports dropped due to a decreasing demand on World Markets (mainly in the EU-15) internal demand for imports dropped due to the sharp deprecation of the exchange rate and harder access to credit.

Back to The economy of Romania in 2010.

Category :

No comments yet.

Leave a comment