Data collected by CFA shows that for the six-month horizon, analysts expect the leu to average 4.98 to the euro.
The survey also shows Romania’s economy is projected to grow by 4.1% in real terms and the budget deficit to average 5.9% of GDP in 2022.
“Against the backdrop of positive macroeconomic data in August, the macroeconomic confidence index saw a significant increase. However, both the confidence index and its expectations component stay at a low level, which is consistent with the economic deceleration forecasts in the coming period. Inflation predictions saw the first decline in the last two years and the participants in the survey expect the annual inflation to remain in double-digit territory at least for the next 12 months”, said Adrian Codirlasu, Vice-President of the CFA Romania Association.
CFA Romania’s macroeconomic confidence index grew to 45.6 points due mostly to the expectations component increasing by 10.1 points.