Munich Personal RePEc Archive

Parametrii macroeconomici în derivă

Georgescu, George (2005): Parametrii macroeconomici în derivă. Published in: Revista Bilant No. 13 (25 October 2005): pp. 15-19.


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The paper updates a warning launched by the author a year earlier regarding the effects of Inward/Outward Processing Trade flows, already entered a marginal decrease path. The high volatility of these flows, totally escaping the perception of decision makers, is threatening Romania’s appropriate management of the financial framework sustainability on medium and long term. In the first half of 2005, the economic parameters deteriorated in real terms more than shows the official data, as concerns net exports contribution to GDP, trade and current account balance, leading to the increase in external debt, which are endangering also the country risk rating, implicitly the costs of external borrowing in order to cover the rising financial gap.

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