CFA Romania's Macroeconomic Confidence Indicator fell by 14.9 points, suggesting risks of recession and rising inflation

In June, the CFA Association Romania's Macroeconomic Confidence Indicator fell significantly by 14.9 points to 29.9 points, suggesting recession risks. The components of the indicator, expectations and current conditions, fell sharply, and the expected inflation rate for the next 12 months rose to 5.35%. Nearly 82% of analysts expect the leu to depreciate and 52% expect property prices to stagnate. The projected budget deficit for 2025 has fallen to 7.5% of GDP, but public debt is expected to rise to 60% of GDP.