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Romania’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' reflects the country's EU membership, capital inflows supporting income convergence, and relatively high governance and human development indicators compared to peers. However, significant challenges include large budget and current account deficits, rising public debt, weakened policy credibility, and increased political uncertainty. The general government deficit reached a record high of 8.7% of GDP in 2024, driven by rapid expenditure growth. Political uncertainty has surged following the annulment of the presidential election, with a new election scheduled for May 2025. Romania's banking sector remains well capitalised and profitable despite economic challenges. The country’s external imbalances have worsened, with the current account deficit widening to 8.2% of GDP in 2024. ���������ֳ� forecasts subdued economic growth and increasing public debt.

This abstract may have been generated in whole or in part using artificial intelligence and is therefore subject to error and inaccuracy, including but not limited to, hallucination. Further disclaimer can be found