Romania 6-Mo Economic Outlook Improves In March – Survey

Economic expectations for Romania rose 11.1 points to 44.5 points in March, after an increase of 3.6 points a month earlier, the survey noted.

The assessment of the current economic situation in Romania increased 8.2 points on the month to minus 29.6 points, the second gloomiest assessment in the region after Hungary.

In Central and Eastern Europe, economic expectations on a six-month horizon declined by 10.6 points to 13.9 points in March.

„The weaker expectations for the economic development in Poland and Slovakia have mainly burdened the outlook for the CEE region in the current survey,” ZEW said.

However, the recent disastrous events in Japan didn’t show any influence on the assessment of the polled financial market experts, the analysts noted.

ZEW-Erste Group Bank’s monthly survey includes responses from analysts in Romania, Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Serbia, Slovakia, Slovenia and Turkey.