Current account deficit widens to €11.8 bln

However, the September deficit narrowed compared to that in August, when it was 87.1 percent higher year-on-year.
The trade balance deficit widened 67 percent year-on-year during the January-September period, up to €12.26 bln, according to a National Bank (BNR) press release.

Economic analysts foresee a total 14 percent ratio of the current account deficit in GDP by the end of the year, but say that a correction is possible, through restrictive economic policies or a hard landing of the exchange rate, although this would dim hopes on maintaining the inflation target.

According to a Danske Bank analysis, Romania faces a serious lack of balance due to a non-sustainable economic growth pace which could lead to economic overheating. Romania and other countries in the regions, such as Bulgaria, Lithuania, Latvia, and Estonia, "risk a forced landing of the economy" that could lead to a "financial deadlock."