About 60% of Romanian analysts who are members of Chartered Financial Analyst (CFA) Romania believe that residential real estate prices in cities will decrease over the next 12 months, while 80% say that prices are overpriced.

Other expectations of CFA Romania analysts:

• The projected deficit of the state budget for this year: the average value of the forecast increased to 5.3%.

• In 2023, the expected value of real GDP growth increased slightly compared to the previous period to 1.9%.

• Public debt to GDP is expected to rise to 57% in the next 12 months.

“Amid positive news regarding the reduction in the price of methane gas, which led to a decrease in inflation rates above market expectations, and an upward revision of economic growth forecasts in both advanced economies and developing countries, confidence indicators recorded generalized increases. Under these conditions, the confidence indicator of the Romanian CFA Association also continued its growth in January, both of its components increased by more than 5 points”, says Adrian Codirlasu, CFA – Vice President of the CFA Association Romania.

The macroeconomic confidence indicator of the CFA Romania Association increased (by 5.4 points) to 43.3 points. This situation was caused, on the one hand, by an increase in the component of current conditions by 6.3 points, and on the other hand by an increase in the component of expectations by 5.0 points. Expected inflation over the 12-month horizon was reduced to single digits, reaching an average value of 9.18%.

Regarding the EUR/RON exchange rate, 80% of participants expect the lei to depreciate over the next 12 months (compared to the current value). Thus, the average value of expectations on the 6-month horizon fell below the value of 5 lei per euro, amounting to 4.9759 lei per euro, while on the 12-month horizon the average value of the expected exchange rate is 5.0215 lei. for euros