The Macroeconomic Confidence Indicator rose by 5 points in July, but expected inflation and the depreciation of the leu remain worrisome.

The CFA Romania's Macroeconomic Confidence Indicator rose to 34.9 points in July, but the 12-month inflation forecast reached 6.46%. Nearly 94% of respondents expect the leu to depreciate, while 69% expect house prices to stagnate and consider them overvalued. The budget deficit forecast for 2025 has risen to 7.6% of GDP and public debt could reach 59%. Although all participants expect Romania to remain in the investment grade rating category, economic conditions suggest a possible recession.