Macroeconomic Confidence Indicator decreases in January 2024
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The Macroeconomic Confidence Indicator of the CFA Romania Association decreased in January 5.5 points to 52.1 points, mainly due to the decrease in the expectations component of the indicator. "Looking at the risk survey over the next two years, geopolitical risk in Central and Eastern European countries is probably not correctly assessed by the markets, and corrections may happen depending on the evolution of the war in Ukraine. Also, in the case of Romania, the high fiscal uncertainty, as well as expectations of tax increases in the context of a high budget deficit, will have a negative impact…
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