Romania 6-Mo Econ Outlook Brightens On Stronger Markets – Survey

Although the assessment on the current economic situation remained flat on the month at -76 points in December, more than half of the polled experts predict an improvement of the Romanian economy over the coming six months, the survey noted.

It said the economic expectations for Romania rose by 16.7 points to 38.7 points in December.

„This is still the second lowest value compared to the results for all other analyzed countries” in the Central and Eastern Europe, ZEW said.

Analysts estimate the evolution of Romanian leu against the euro will improve in the next six months, with the exchange rate indicator rising to 18.6 points in December from 2.2 points the month earlier.

The indicator for the estimated development of stock markets gained substantially as well, reaching 31.6 points in December from only 10 points the month before.

In Central and Eastern Europe, economic expectations on a six-month horizon rose considerably to 52 points in December, from 30.9 points in November, with a majority of 60% of the polled analysts forecasting an economic revival.