A review of recent macro & political developments in Romania - Strong domestic demand fuels current account deficit | Eurobank
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A review of recent macro & political developments in Romania - Strong domestic demand fuels current account deficit

• Economic growth prospects remain positive in 2008, thanks to a booming construction sector, strong capital inflows and favourable domestic demand trends.
• Rising headwinds to medium-term macroeconomic stability call for a more restrictive domestic policy mix, especially in view of the official target for Eurozone entry in 2014.
• In a move to address heightened inflation, the NBR hiked its key interest rate by a cumulative 200bps since last October. We see room for 50bps of additional rate tightening this year.