Romania-Macroeconomic Outlook: A challenging year lies ahead following visible progress in macroeconomic stabilization and structural reforms in recent months
Romania-Macroeconomic Outlook: A challenging year lies ahead following visible progress in macroeconomic stabilization and structural reforms in recent months
Emerging Markets Special Focus Reports
26 Μαρτίου 2012
• Inflation has declined to historically lows and is expected to ease further in the months ahead
• NBR may cut rates one again this quarter, with a further 25bp rate reduction appearing possible by the end of the year
• Attainment of this year’s fiscal target requires tough austerity measures to remain in place ahead of December 2012 national elections
• The current account is expected to widen marginally this year on improved domestic demand and weaker growth in main trade-partner economies
• Market concerns shift to the sources of balance-of-payments financing; debt creating inflows have taken the lead as the main financing source of the current account
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