11 Feb 2019, Natalia Mihailova, EMIS Editor
Romania’s trade gap rises to the highest level since 2008
Last year December’s shortfall alone stood at EUR 1.71 billion, when Romania's exports increased by 2.4% up to EUR 4.6 billion while imports rose by 3.5% to EUR 6.3 billion, Business-Review.eu added.
In 2017, Romania's trade gap surged 30% to EUR 12.96 billion, due to the adoption of government’s strategy of wage-led growth, which stimulated household consumption and GDP growth rates, but generated larger fiscal and current account deficits, the last has already exceeded 4.0% of GDP in October.
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