Just over half (53%) of CFA Romania economists anticipate a drop in residential property prices in cities, with the rest expecting stability, according to the September survey.
Urban planning in Bucharest Photo: Hotnews / Catiușa Ivanov
This forecast refers to the next 12 months. In addition, 73% of participants believe that current prices are overvalued, and 21% that they are correctly valued.
“Regarding the EUR/RON exchange rate, more than 84% of the participants anticipate a depreciation of the leu in the next 12 months,” a statement said.
It should be noted that no appreciation opinion was recorded.
Thus, the average value of the anticipations for the 6-month horizon is 5.0169 lei for one euro, while for the 12-month horizon, the average value of the anticipated exchange rate is 5.0607 lei for one euro.
From a price point of view, CFA analysts believe that over the next 12 months inflation will stand at 6.86%.
Regarding the state budget deficit, the value is expected to be 5.8%. Also, the anticipated economic growth is 2.2% in 2023.
Public debt calculated as a percentage of GDP is expected to increase to 54% in the next 12 months.
The Macroeconomic Confidence Indicator of the CFA Romania Association decreased slightly in September (by 0.5 points) to the value of 47.4 points, as a result of the decrease in the current conditions component.
2023-10-26 06:22:00
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