Better-than-expected performance in reducing the budget deficit has led to improved confidence in the economy, while the reduced risk of tax increases has tempered inflation expectations, says CFA Romania Association President Adrian Codirlasu, as the Macroeconomic Confidence Indicator rose by 10.4 points in January. 'Better-than-expected performance in reducing the budget deficit led to a positive adjustment in confidence in the economy. At the same time, the risk of tax increases declined,

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