TREND AND CHARACTERISTICS OF THE EXTERNAL DEFICIT IN ROMANIA IN THE POST PANDEMIC PERIOD
The external disequilibrium has been a constant of the Romanian economy since 1990, and it represents one of the main vulnerabilities of the national economy. In the article1, the author analyses the evolution of Romania's foreign deficit during the recent years, highlighting some of it...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2024-12-01
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| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/Paper04.FS4.2024.pdf |
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| Summary: | The external disequilibrium has been a constant of the
Romanian economy since 1990, and it represents one of the main
vulnerabilities of the national economy. In the article1, the author
analyses the evolution of Romania's foreign deficit during the recent
years, highlighting some of its characteristics. The research shows that
the external deficit is generated by the negative balances of goods and
of primary income, and it is partly offset by the surplus of the balances
of secondary income and services. It is also shown that the structure
of Romanian exports is dominated by goods with low added value and
a low degree of processing, which do not help to obtain high prices in
foreign markets. The economic slowdown of the European Union
countries (the main trade partners of Romania) in recent years is a
cause of the slower growth of Romanian exports. The methodology
used joins the descriptive analysis with the empirical analysis and data
interpretation, as well as the identification of correlations. |
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| ISSN: | 2066-6071 |