Romania will enter a complete “lockdown” if it fails to stop the medical crisis and a second establishment of the state of emergency will have a strong negative impact on the economy, said the president of CFA Romania, Adrian Codîrlaşu.

“As we see, including today’s data (Wednesday), it indicates a return of this medical crisis of coronavirus infections, and unfortunately the economic evolution will depend on a non-economic factor, namely this medical crisis. If we fail to stop the medical crisis, we will enter a complete lockdown and a second state of emergency will have a strong negative impact on the economy. Therefore, it will have an impact on the future economic evolution,” said Codirlaşu, according to Agerpres.

CFA Romania analysts anticipate, for this year, a state budget deficit of 8.5% and an end-of-year unemployment rate of 7.8%.

Regarding the leu/euro exchange rate, around 90% of the participants anticipate a depreciation of the leu in the next 12 months, compared to the current value.

Thus, the average value of anticipations for the 6-month horizon is of 4.8989 lei for one euro, while for the next 12 months, the average value of the anticipated exchange rate is of 4.9424 lei.