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

Raluca Ioana Draghici
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18 August 2025, 06:58
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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.

Sources

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Economedia
Indicatorul de Încredere Macroeconomică al CFA a crescut în iulie. S-a majorat rata anticipată a inflației
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Stirile ProTV
CFA România: Prețurile locuințelor, așteptate să stagneze sau să scadă; deficitul bugetar prognozat la 7,6% din PIB
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News.ro
Indicatorul de Încredere Macroeconomică al Asociaţiei CFA România a crescut în iulie cu 5,0 puncte, până la valoarea de 34,9 puncte/ Rata anticipată a inflaţiei a crescut / 94% dintre cei chestionaţi anticipează deprecierea leului faţă de euro
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Financial Intelligence
Indicatorul de Încredere Macroeconomică CFA: În continuare, condiții de recesiune
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NewMoney.ro
Indicatorul de Încredere Macroeconomică al Asociaţiei CFA România a crescut în iulie cu 5,0 puncte, până la valoarea de 34,9 puncte. Rata anticipată a inflaţiei a crescut și ea

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NEWS ON THE SAME TOPICS

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Economy
The CFA Romania Macroeconomic Confidence Indicator increased by 7 points in June, but recession risks persist.
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Economy
The annual inflation rate in Romania is estimated to reach 10.3% in 2026, with high risks for the leu and economic activity.
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Economy
The annual inflation rate in Romania rose to 10.85% in May, according to the National Institute of Statistics. Economists warn about inflationary pressures.
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Inflation in Romania decreased to 10.4% in June 2026, and forecasts indicate a continuation of this trend
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Nazare: Romania passes the Fitch test at the limit and remains in the recommended investment category
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Economy
Adrian Codirlașu, president of CFA Romania, considers the latest report from Fitch agency regarding the Romanian economy to be more negative.
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CFA Romania Macroeconomic Confidence Indicator inflation recession depreciation of the leu budget deficit

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