For the six-month horizon, CFA analysts expect the leu to average 4.9741 to the euro, and, for the 12-month horizon, analysts expect the leu to average 5.0261 to the euro.
CFA analysts see inflation at 4.11% over the 12-month horizon (June 2021-June 2022).
CFA Romania’s macroeconomic confidence index grew to 76.2 points in June compared with May, being below one point from the record high. Compared with June 2020, the index grew by 42.1 points. Both the current conditions and the expectations components of the index saw growth.
Over 77% of analysts polled estimate the impact of the pandemic will be felt into 2022 and 35% estimate it will be felt until the last quarter of 2022.
The country’s public debt-to-GDP ratio is seen reaching nearly 52% on the 12-month horizon and expect Romania will adopt the euro currency in 2030.