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August 8, 2022
BUSINESS

Over three quarters of Romanians affected by recession

According to a survey authored by Mercury Research, over three quarters of the Romanians older than 18 have been affected by the crisis, Mediafax informs. The crisis had a stronger impact on women, entrepreneurs, persons with higher education and persons that are currently unemployed. According to the survey conducted in the second half of March, more than a quarter of the men older than 18 were not affected by the crisis, a percentage that is significantly higher than the women’s 20 per cent. 9 out of 10 entrepreneurs were affected by the economic crisis, while 55 per cent of the managers or the employees with higher education were affected. “The percentage will significantly grow in the case of employees with higher education and that won’t happen solely because of the salary cuts in the public sector,” Mircea Kivu, Mercury Research director of operations, stated. 95 per cent of the persons that are currently unemployed have been seriously affected by the crisis too. On the other hand, 66 per cent of Romanians are more concerned about their financial situation now than they were six months ago, the percentage being smaller than in March 2009 (75 per cent) but still above the level reported in November 2008 (53 per cent) back when the first signs of the crisis were appearing in Romania. “The main fears concern the impossibility of maintaining present lifestyle (40 per cent), income drops (39 per cent) or the uncertainty of being able to handle current expenditures (38 per cent). 15 per cent of Romanians older than 18 fear the impossibility of paying installments, while 14 per cent of them fear not being able to save or invest like they did in previous years,” the survey adds.

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