{"id":12569,"date":"2026-10-21T07:00:27","date_gmt":"2026-10-21T07:00:27","guid":{"rendered":"https:\/\/ofero.news\/?p=12569"},"modified":"2026-10-21T07:00:27","modified_gmt":"2026-10-21T07:00:27","slug":"us-bank-goldman-sachs-argues-romanias-economy-would-benefit-from-currency-depreciation","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=12569","title":{"rendered":"US bank Goldman Sachs argues Romania\u2019s economy would benefit from currency depreciation"},"content":{"rendered":"<p>\u201cRomania\u2019s position suggests that the unsustainable current account deficit is a bigger problem than [its second major macroeconomic challenge], the negative output gap,\u201d the report said, as quoted by <a href=\"https:\/\/cursdeguvernare.ro\/goldman-sachs-leul-este-inca-supraevaluat-in-termeni-reali-romania-ar-avea-nevoie-de-o-depreciere-a-cursului-real-efectiv-reer.html?mc_cid=a0ba840585&amp;mc_eid=cd1f92f96c\">Cursdeguvernare.ro<\/a>.<\/p>\n<p>Under these circumstances, the adjustment should combine a weakening of the real effective exchange rate, \u201cpossibly through a larger one-off devaluation,\u201d with a more restrictive fiscal policy.<\/p>\n<p>According to Goldman Sachs&#8217; analysis, Romania is also the economy that deviates the most from the equilibrium zone in the direction of a REER that is too high &#8211; a sign that the leu is still overvalued in real terms.<\/p>\n<p>The real effective exchange rate index (REER \u2013 which takes inflation into account) calculated by CFA Romania reached 122.2 in January 2026, the highest level since the series began in 1994, and stood at 118.7 in July &#8211; about 19% above the average for the period 2010\u20132019. Over the same period, the nominal effective exchange rate (NEER) changed very little (101.5 in July 2026).<\/p>","protected":false},"excerpt":{"rendered":"<p>\u201cRomania\u2019s position suggests that the unsustainable current account deficit is a bigger problem than [its second major macroeconomic challenge], the negative output gap,\u201d the report said, as quoted by Cursdeguvernare.ro. Under these circumstances, the adjustment should combine a weakening of the real effective exchange rate, \u201cpossibly through a larger one-off devaluation,\u201d with a more restrictive [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12569","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12569"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12569\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}