CFA Romania’s macroeconomic confidence index dropped to 50.7 points in January 2022 compared with December 2021. Compared with January 2021, the index fell by 5.0 points. “This situation is due to the evolution of the two components of the index”, explained CFA analysts.
Data collected by CFA in January shows that for the six-month horizon the leu is expected to average 5.0159 to the euro, and for the 12-month horizon, analysts expect the leu to average 5.0761 to the euro.
Analysts also notice a substantial reduction of growth expectations for the real estate market with most participants (52%) forecasting price stability in the next 12 months.
The poll also shows an anticipated average value of 5.7% of GDP for Romania’s budget deficit in 2022.