Romania’s CA deficit shrinks by 13% y/y to 7.1% of GDP in 2023
Romania’s current account (CA) deficit narrowed by 13% y/y to EUR 22.7 billion in 2023, according to data published by the National Bank of Romania (BNR). The CA deficit to GDP ratio eased to 7.1% in 2023, from 9.1% in 2022 – returning close to the level seen in 2021 before the surge in commodity…