CFA Romania's Codirlasu: Confidence indicator rose in July, with the risk of recession remaining

In July, Romania's confidence indicator increased due to the confirmation of its investment-grade rating, yet economic stagnation persists, indicating a recession risk. Inflation expectations improved, with most participants anticipating a decrease in rates. The EUR/RON exchange rate is expected to depreciate, and the budget deficit is projected at 6.2% of GDP. Residential property prices are expected to remain stable, but many consider them overvalued. Uncertainty remains high amid global tensions.