Romania's CFA confidence index surges but one in five analysts expect sovereign downgrade to junk
The CFA Society Romania's Macroeconomic Confidence Indicator (MCI) increased by 7.3 points m/m in March to 43.9 points, reversing the 3.8-point loss seen in February, but remaining in the "negative" area of the 0-100 scale according to a…
iulian ernst · Journalist
· Updated · 2 min read
The CFA Society Romania's Macroeconomic Confidence Indicator (MCI) increased by 7.3 points m/m in March to 43.9 points, reversing the 3.8-point loss seen in February, but remaining in the "negative" area of the 0-100 scale according to a press release.
Illustrating the puzzling outlook faced by Romania's economy, the improvement in analysts' sentiment was driven by an improved "expectations" component – while the forecast for this year's economic growth was trimmed down, and the Society felt appropriate to introduce a supplementary question about the likelihood of a sovereign downgrade (to junk) that revealed that one in five analysts would not be surprised by such a dramatic development.
