TITLE

ROMANIA: Macroeconomic Data and Forecasts

PUB. DATE
March 2004
SOURCE
Emerging Europe Monitor: South East Europe Monitor;Mar2004, Vol. 11 Issue 3, p3
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article presents an economic forecast for Romania, as of March 1, 2004. The central bank has announced that it has increased the weight of the euro in the country's foreign trade-weighted currency basket from 60% to 75%. The weight of the U.S. dollar in the basket has been correspondingly reduced. The impact of this change should see the ROL/U.S. $ exchange rate track the EUR/U.S. $ rate more closely over the next few years. The article presents a chart, which includes information related to population, real GDP growth, industrial output, budget balance and consumer prices.
ACCESSION #
12386609

 

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