For the six-month horizon, analysts expect the leu to average 4.88 units to the euro.
Financial analysts’ confidence in Romania’s economy increased 3 points on the month in August and decreased 9.4 points compared with august 2019, to 33.3 points.
The current conditions index increased 2.6 points on the months and dropped 39.2 points on the year, to 22.5 points in August.
The expectations index increased 3.2 points on the month and 5.4 points on the year in August, to 38.7 points.
Regarding the impact of the coronavirus pandemic on the Romanian economy, most analysts polled expect the impact to be felt strongly until the the second quarter of 2021.
Analysts see the country’s budget deficit at 8.3% of GDP in 2020, an economic contraction of 4.7%.