According to the September survey, slightly more than half (53%) of CFA Romania economists expect a fall in urban housing prices, while the rest expect stability.
This forecast is for the next 12 months. In addition, 73% of participants believe that current prices are overpriced, and 21% – that they are valued correctly.
“Regarding the EUR/RON exchange rate, more than 84% of participants expect the lei to depreciate in the next 12 months,” it said.
It should be noted that the evaluation score was not recorded.
Thus, the average expected value for the 6-month horizon is 5.0169 lei per euro, while for the 12-month horizon the average expected exchange rate is 5.0607 lei per euro.
From a price point of view, CFA analysts believe that inflation will be 6.86% over the next 12 months.
As for the state budget deficit, its value is expected to be 5.8%. In addition, economic growth of 2.2% is expected in 2023.
Public debt as a percentage of GDP is expected to rise to 54% in the next 12 months.
The indicator of macroeconomic confidence of the Romanian CFA Association decreased slightly in September (by 0.5 points) to the value of 47.4 points due to the reduction of the current conditions component.
Source: Hot News
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