The latest central bank data show the current account deficit grew by 33.6% to EUR568 million in January-February 2019. The evolution is due to a 41.2% higher deficit of the goods balance, year-on-year in the first two months of 2019, to EUR2.3 billion, amid the appreciation of the actual real exchange rate of the national currency during the last quarters.
Macroeconomics
BT: Share Of Current Account Deficit In GDP May Decrease To 4.2% In 2019, From 4.5% In 2018
The share held by the current account deficit in the gross domestic product (GDP) may decrease to 4.2% in 2019 from 4.5% in 2018, against the backdrop of the economy performing below the potential rate and of the perspectives of inflexion for the actual exchange rate of the leu, said said Andrei Radulescu, macroeconomic analysis director with Banca Transilvania (BT).