Romania 6-Month Economic Outlook Darkens In August – Survey

Economic expectations for Romania dropped to minus 0.1 points in August, from 21.2 points a month earlier.

However, the country remains a top business destination in the Central and Eastern Europe region, followed by Poland, with minus 15.2 points, and Hungary with minus 15.7 points.

In the CEE region, economic expectations on a six-month horizon dropped 21.4 points to minus 26.4 points in August.

„The major decrease of experts’ optimism for the CEE region is likely to be a result of the increasing concerns regarding the Eurozone’s economic prospects and reflects the increasing uncertainty on the financial markets,” the survey 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.