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Current account deficits and implications on Romanian economy

Author

Listed:
  • Niţă Sorin Cristian

    (Bucharest University of Economic Studies,Bucharest, Romania)

  • Radulică Marilena Ionica

    (University of Pitesti,Pitești, Romania)

  • Dorneanu Mihai

    (Bucharest University of Economic Studies,Bucharest, Romania)

Abstract

The current account deficit is becoming a concerning matter with regards to the Romanian`s economy growth`s perspectives, also holding the attention of international financial institutions and rating agencies. Deficits and surpluses with regards to the current account are, to some extent, normal features of each economy and, by definition, do not constitute macroeconomic imbalances that need to be corrected immediately. Even so, by the international`s standards Romania`s current account deficit is a significant one. This paper aims to analyze the reason behind the increased current account deficit and also issue a series of recommendations in order for the economy to function as close to it`s potential as possible.

Suggested Citation

  • Niţă Sorin Cristian & Radulică Marilena Ionica & Dorneanu Mihai, 2020. "Current account deficits and implications on Romanian economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 995-1004, July.
    • Handle: RePEc:vrs:poicbe:v:14:y:2020:i:1:p:995-1004:n:94
    DOI: 10.2478/picbe-2020-0094
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    References listed on IDEAS

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