62% of CFA Romania analysts consider real estate prices in cities to be overpriced. This is a big difference from the questionnaire presented in February, when percentage was 80%.
52% of respondents expect prices to remain stable, while 43% expect prices to decline over the next 12 months.
The expected level of inflation for the 12-month horizon further decreased, reaching an average value of 8.62%, according to CFA Romania.
Regarding the EUR/RON exchange rate, 81% 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 remained below the value of 5 lei per euro, amounting to 4.9815 lei per euro, while on the 12-month horizon the average value of the expected exchange rate is 5.0390 lei per euro. one euro
The indicator of macroeconomic confidence of the CFA Romania Association increased in February (by 9.9 points) to the value of 53.2 points. This situation was caused, on the one hand, by an increase in the component of current conditions by 9.1 points, and on the other hand by an increase in the component of expectations by 10.2 points.
Other ratings:
• Projected state budget deficit for this year: the average value of the forecast increased to 5.1%.
• For 2023, the expected value of real GDP growth has increased by 2.4% compared to the previous year.
• Public debt to GDP is expected to rise to 57% over the next 12 months.
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.