Romania has been a member country of the Eastern Bloc since many decades. However, things have changed significantly after the country joined the European Union. This is especially true when it comes economic conditions. Some traders are trading the Romanian leu against major currencies, as the Romanian economy is growing stronger.
This blog will provide you with some useful insights about the Romanian Leu and Romanian Economy that could prove to be very helpful for currency traders.
Table of contents
- Romania’s Economy, The Romanian National Bank And The Leu
- Trading the Romanian leu: Currency Performance
- What Do Analysts Say About The Romanian Leu And The Economy’s Performance
- Risk Management when Trading the Romanian Lu
Romania’s Economy, The Romanian National Bank And The Leu
Romania joined the EU in 2007 after many years of economic hardship. Romania’s economy has grown stronger thanks to the EU and its economic reforms. According to World Economic Outlook, published by International Monetary Fund(IMF), Romanian GDP growth is expected to be 2.4% in 2023. It has revised downward its previous forecast which suggested 3.1%. IMF’s analysts forecast the Romanian GDP to…