Around 76% of analysts polled see inflation growing. Analysts estimate inflation at 3.44% over the 12-month horizon (April 2021-April 2022).
Moreover, 72% of analysts expect monetary policy rates will grow.
CFA Romania’s macroeconomic confidence index stood at 60.7 points in April, up by 5 points compared with March and by 39.9 points compared with April 2020. Both the current conditions and the expectations components of the index registered growth, showing confidence in economic recovery this year.
Over 70% of analysts polled estimate the impact of the pandemic will be felt into 2022 and 23.3% estimate it will be felt until the last quarter of 2022.
Analysts expect Romania’s budget deficit to come in at 7.2% of gross domestic product this year and see real GDP growth at 4.3%.
The country’s public debt-to-GDP ratio is seen reaching over 52% on the 12-month horizon.