Over the six-month horizon, analysts see the Romanian leu at an average of 4.92 units to the euro.
CFA Romania’s macroeconomic confidence index stood at 55.7 points in February, up by 5.3 points compared with January but down by 8 points compared with February 2020.
This is the third consecutive month of growth in the confidence index and fourth consecutive month of growth in the expectations index.
Around half of analysts polled estimate the impact of the pandemic will be felt until the second quarter of 2022.
CFA analysts see an average GDP growth of 3.6% in 2021 and estimate the budget deficit will stand at 7.4% of GDP. The government expects 4.3% GDP growth this year and targets a deficit of 7.16%.
Analysts see the country’s public debt at 51% of GDP over a 12-month horizon and expect Romania will adopt the euro currency in 2029.