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Budget balance: -2.3%
Current account: -14.5%
Sovereign credit rating: BBB-/Negative
Stock market: -72.0%
One of the newest members of the European Union, Romania has seen rapid economic growth in recent years and faces risk from overheating. The country's budget deficit, at 2.3% of GDP, isn’t too bad, but its gaping 14.5% current account deficit puts it at risk from currency fluctuations and tightening credit. A shocking 72% decline so far this year for the Bucharest Stock Exchange—one of the worse performances in the world—only adds to the sense that Romania is headed for tough times.