BUSINESS

GfK: Pessimism on economy in 2012, mild optimism for 2013

Almost three quarters of the population think the economy is in a worse condition now than it was a year ago, purchasing readiness is low, but expectations of a better situation in 2013 are high, with Romanians being some of the most optimistic Europeans, alongside the German and British, states a GfK Romania release presenting the results of a GfK Consumer Climate report on Europe and US.  ‘(…) The trust that politicians will stabilise Romanian economy and steer it towards long-term growth has gone down. Generally, 73 per cent of the population think the economic situation is worse than a year ago,’ the report says. The lowest hopes for better income are nurtured by consumers of Italy, Spain and Greece. On the other hand, as a result of declining expectations regarding the state of economy and income, in many countries people’s willingness to make purchases has visibly decreased, the only exceptions being Germany, Bulgaria and Poland. The most willing to consume are still the Germans, the Austrians and Bulgarians. On the other hand, unlike what one could anticipate in the light of modest economic data, US consumers are becoming more self-confident.

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