Confidence indicator remains at levels consistent with a recessionary environment (expert)

In June, the confidence indicator rose due to improved budget deficit management and calm in the Iran conflict, yet it indicates recession risks. The CFA Romania Macroeconomic Confidence Indicator increased by 7 points to 37.5, with expectations for inflation slightly up at 7.63%. Most analysts foresee a depreciation of the leu and predict economic growth of only 0.1% this year, alongside a budget deficit of 6.4% of GDP. Residential property prices are expected to remain stable, with many viewing them as overvalued. Brent crude prices are forecasted at an average of 85 USD per barrel.