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October 28, 2020

Central Bank: Current account deficit to adjust to 4.6 pc of GDP in 2009

The National Bank of Romania (BNR) estimates the current account deficit will adjust from 12.3 pc of the GDP in 2008 to 4.6 pc of the GDP this year, and will rise to 4.8 pc of the GDP in 2010, BNR deputy governor Cristian Popa declared yesterday, quoted by Mediafax. “I find it an interesting message that the current account deficit will fall from over 12 pc in 2008 to under 5 pc this year. We have a forecast at 4.6 pc of the GDP for the current account deficit,” Popa pointed out. In 2010, the deficit will rise to 4.8 pc of the Gross Domestic Product (GDP).

After nine months of 2009, the payment balance current account deficit stood at EUR 3.31 bln, down 74.6 pc from a year ago, the contraction being under the 78.6 pc decline registered in the first eight months of the year.

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