Managers see the Romanian leu reaching an average 4.99 to the euro in the next 12 months and estimate the inflation rate at 3.79%. On the six-month horizon, the leu is seen at 4.93 to the euro.
Financial analysts’ confidence in Romania’s economy dropped 27.7 points in March, to 20.8 points, the lowest level since July 2012. Compared with February, the index dropped 14.1 points, due to a sharp drop in the current conditions index.
The current conditions index dropped a record 57.5 points in March compared with February, to 13.1 points, the lowest level since August 2012. Compared with March 2019, the current conditions index dropped 34 points.
The expectations index dropped 12.8 points on the month and 4.2 points on the year, to 24.7 points in March.
Around 87% of respondents expect Romania’s credit default swap costs to grow and 63% think property prices in large cities are overrated.