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September 24, 2020

ZEW – Centre for European Economic Research: Estimates on Romania’s economy improve significantly

The Romanian economy is doing well, this is the conclusion of the most recent ZEW survey conducted among Central and Eastern European financial analysts. This shows a significant improvement in estimates on the economy’s evolution over the next six months, contrary to the estimates that concern the regional situation.

The analysts’ expectations for the Romanian economy’s evolution over a six-month period have improved in April for the first time in the last two months, after in March they dropped to the lowest level in the last four years, according to the survey conducted by Germany’s ZEW research institute in collaboration with Austria’s Erste Group.

Thus, the indicator that measures the financial experts’ perception grew by 22.2 points to 27.4 points in April, registering the highest growth at regional level.

Romania climbed three places, to second place, in the Central and Eastern Europe (CEE) rankings that also include Bulgaria, Croatia, Czech Republic, Hungary, Poland, Serbia, Slovakia, Slovenia and Turkey. Croatia continues to top the rankings with 32.1 points (down 3.9 points compared to February), and Austria is third with 26.4 points (+15.4 points compared to February).

At regional level, economic expectations dropped 13.1 points to -8.4 points, the steepest drops being registered in the case of the Czech Republic (-16 points) and Hungary (-12.8 points).

In what concerns the actual state of the economy, the indicator for Romania grew by 10.5 points, to 35 points in March, while at regional level the feeling improved by 25.5 points, up from -4.6 points.

58 analysts, 9 of them from Turkey, took part in the survey conducted on April 4-18.

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