Romania ranks among the particularly vulnerable countries to global slowdown, external financing

Sorin Melenciuc 14/03/2019 | 11:47

Romania ranks among the countries considered “particularly vulnerable” to a global slowdown and to external financing problems, according to a Euler Hermes report.

Experts identified those countries with large current account deficits and Romania is considered with high risk regarding external liquidity, moderate risk regarding debt and significant risk regarding economic policy.

From this perspective, the most vulnerable countries in the world are considered Argentina, Turkey, Ukraine, Jordan and Lebanon, with high risk regarding all three criteria.

Romania is also considered among the countries with significant trade route vulnerabilities and vulnerable to an economic slowdown via external financing channel and trade channel.

In the EU, only two other countries are considered vulnerable to a global economic slowdown in the Euler Hermes report “Country risk”: Croatia and Italy, but only through the trade channel.

However, Romania is considered less vulnerable through the commodity prices channel.

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