15:56, 17.09.2008 EIU: Romania Highly Vulnerable To Intl Turmoil Due To High Curr Acct Gap

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BUCHAREST / 15:56, 17.

09.2008 Romania is one of the countries most vulnerable to the financial turbulence, as its current account deficit is likely to remain above 10% until 2013, the Economist Intelligence Unit, or EIU, said in a report."(…) The country’s current account gap will exceed 10% until 2013, fueled by an economic growth and especially due to higher consumption," EIU shows in its most recent report.The Romanian current account deficit widened 8.5% on the year in the...

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