Analysts’ trust in the Romanian economy continued to decline as the country returned to technical recession and internal political tensions are on the rise. Both the perception about current economic conditions and the expectations for the future deteriorated in August, according to an indicator calculated by CFA.

The macroeconomic trust indicator of CFA Romania dropped for the third consecutive month, reaching 47.2 in August, 8.5 points lower than in July, according to Ziarul Financiar.

Romania’s economy entered technical recession after seeing two consecutive quarters of decline compared to previous quarters. In the first half of the year, the GDP growth was only 2.4% compared to the same period of 2013, much below analysts’ expectations.

editor@romania-insider.com