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March 27, 2023

Foreign analysts, optimistic as to the evolution of the domestic economy

Financial analysts have regained confidence in the Romanian economy, according to a survey conducted by the German institute Centre for European Economic Research (ZEW), based on ‘Business Standard’ newspaper.

Thus, the experts’ expectations in relation to Romania’s economy prospects over the next six months advanced by 29 points in August. More precisely, the expectations of the experts are again positive, following an advance by 29 points, from –6.8 points in July to 22.2 points in August. In other words, in August, ZEW economists regained their confidence in the evolution of the Romanian economy in the next six months. Yet, in spite of optimism regained as to the evolution of the Romanian economy in the next six months, the current situation continues to be regarded in a sceptical manner.

Within Deutsche Bank report, mention is made to the fact that Romania’s economy shows signs of having reached the bottom. This aspect, along with an advancing lending market, against the background of governmental issuances, could secure foreign flows to support RON. Deutsche Bank recommends investors to sell EUR and buy RON, estimating an exchange rate of RON 4 for EUR 1 within a time horizon of three months, according to ‘Business Standard’. Citing ‘Business Standard’, RON was the most stabile currency in the Eastern part of the EU, in case of which minor fluctuations were reported around RON 4.2 for EUR 1 starting March, when Romania agreed upon a loan of EUR 20 bln from IMF.

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