Une am\u00e9lioration encore fragile<\/strong><\/h3>\n <\/p>\n
Pour de nombreux \u00e9conomistes, cette r\u00e9duction du d\u00e9ficit courant ne traduit pas n\u00e9cessairement un regain de comp\u00e9titivit\u00e9 de l’\u00e9conomie roumaine. Elle refl\u00e9terait davantage un ralentissement de la consommation int\u00e9rieure et de l’activit\u00e9 \u00e9conomique. Le pr\u00e9sident de l’Association des analystes financiers et bancaires de Roumanie, Flavius Jakubowicz, estime que cet ajustement ne r\u00e9sulte pas d’une progression soutenue des exportations, mais plut\u00f4t d’un tassement de la demande int\u00e9rieure et, par cons\u00e9quent, des importations. Flavius Jakubowicz :<\/p>\n
<\/p>\n
\u00ab La Roumanie corrige son d\u00e9s\u00e9quilibre ext\u00e9rieur, mais par un m\u00e9canisme assez fragile : le refroidissement de la demande, et non un gain de comp\u00e9titivit\u00e9. Un ajustement obtenu par le freinage peut s\u2019\u00e9vaporer d\u00e8s la premi\u00e8re reprise de la consommation. Le v\u00e9ritable test viendra lorsque l\u2019\u00e9conomie renouera avec la croissance. Nous avons un d\u00e9ficit en baisse, un financement qui s’affaiblit et des r\u00e9serves encore solides. On pourrait dire qu’il s’agit d’un \u00e9quilibre, mais qu’il ne faut pas confondre avec une gu\u00e9rison \u00bb.<\/em><\/p>\n <\/p>\n
L’analyste rel\u00e8ve n\u00e9anmoins plusieurs signaux encourageants. Les services de transport, les technologies de l’information et les t\u00e9l\u00e9communications continuent de d\u00e9gager des exc\u00e9dents substantiels dans la balance des paiements, tandis que les r\u00e9serves de change de la Banque nationale demeurent \u00e0 un niveau confortable. Il met toutefois en garde contre le recul marqu\u00e9 des investissements directs \u00e9trangers, en baisse de plus de 30 % par rapport \u00e0 l’an dernier. Dans ce contexte, pr\u00e9vient Flavius Jakubowicz, la Roumanie pourrait devenir de plus en plus d\u00e9pendante de l’endettement pour financer son d\u00e9ficit ext\u00e9rieur, alors m\u00eame que les agences de notation surveillent attentivement l’\u00e9volution de d\u00e9s\u00e9quilibres \u00e9conomiques qui restent significatifs.<\/p>\n","protected":false},"excerpt":{"rendered":"
La bataille engag\u00e9e par les autorit\u00e9s roumaines contre les d\u00e9ficits excessifs qui fragilisent la stabilit\u00e9 budg\u00e9taire et financi\u00e8re du pays est d\u00e9sormais bien connue. Si le d\u00e9ficit budg\u00e9taire demeure la pr\u00e9occupation majeure, les mesures mises en \u0153uvre par le gouvernement, malgr\u00e9 leur co\u00fbt social parfois \u00e9lev\u00e9, commencent \u00e0 produire des effets encourageants. Le d\u00e9ficit courant […]<\/p>\n","protected":false},"author":110,"featured_media":927609,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[93377],"tags":[],"coauthors":[113257],"class_list":["post-1029647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-les-dossiers-de-lactualite"],"acf":[],"yoast_head":"\n
Baisse du d\u00e9ficit roumain - Radio Roumanie Internationale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rri.ro\/fr\/actualites\/les-dossiers-de-lactualite\/baisse-du-deficit-roumain-id1029647.html\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Baisse du d\u00e9ficit roumain - Radio Roumanie Internationale\" \/>\n<meta property=\"og:description\" content=\"La bataille engag\u00e9e par les autorit\u00e9s roumaines contre les d\u00e9ficits excessifs qui fragilisent la stabilit\u00e9 budg\u00e9taire et financi\u00e8re du pays est d\u00e9sormais bien connue. 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Le d\u00e9ficit courant […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rri.ro\/fr\/actualites\/les-dossiers-de-lactualite\/baisse-du-deficit-roumain-id1029647.html\" \/>\n<meta property=\"og:site_name\" content=\"Radio Roumanie Internationale\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-16T09:25:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rri.ro\/wp-content\/uploads\/2025\/09\/grafic-economie-scadere-foto-pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"848\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u015etefan Stoica\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u015etefan Stoica\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n\t<meta name=\"twitter:label3\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data3\" content=\"\u015etefan Stoica\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/fr\\\/actualites\\\/les-dossiers-de-lactualite\\\/baisse-du-deficit-roumain-id1029647.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/fr\\\/actualites\\\/les-dossiers-de-lactualite\\\/baisse-du-deficit-roumain-id1029647.html\"},\"author\":{\"name\":\"\u015etefan Stoica\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/#\\\/schema\\\/person\\\/2d81d5dc94d44190d13245f64551d334\"},\"headline\":\"Baisse du d\u00e9ficit roumain\",\"datePublished\":\"2026-06-16T09:25:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/fr\\\/actualites\\\/les-dossiers-de-lactualite\\\/baisse-du-deficit-roumain-id1029647.html\"},\"wordCount\":584,\"image\":{\"@id\":\"https:\\\/\\\/www.rri.ro\\\/fr\\\/actualites\\\/les-dossiers-de-lactualite\\\/baisse-du-deficit-roumain-id1029647.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rri.ro\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/grafic-economie-scadere-foto-pixabay.jpg\",\"articleSection\":[\"Les dossiers de l'actualit\u00e9\"],\"inLanguage\":\"fr-FR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rri.ro\\\/fr\\\/actualites\\\/les-dossiers-de-lactualite\\\/baisse-du-deficit-roumain-id1029647.html\",\"url\":\"https:\\\/\\\/www.rri.ro\\\/fr\\\/actualites\\\/les-dossiers-de-lactualite\\\/baisse-du-deficit-roumain-id1029647.html\",\"name\":\"Baisse du d\u00e9ficit roumain - 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