Romania's current account deficit increased 21% YoY to €26.5bn, driven by trade deficit and foreign investment outflows.
Romania's current account deficit rose 21% year-over-year to €26.5 billion by July, contrasting with expectations for stabilization. Key contributors were a trade deficit of €19.3 billion and increased outflows from foreign investments. The country's gross external debt climbed to €180 billion, with foreign direct investments down 16.8% to €5.7 billion. The trend reflects rising dividends and interest payments to foreign investors amidst a challenging economic environment.
September 16, 2024
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