Romania economic outlook improves on low base

The forecasts for Romania’s economy improved the most in CEE by 8.8pps to 40.4 points over the past month, The December issue of the ZEW/Erste Group Bank – Financial Market Survey, showed. The mentioned indicator for the entire CEE region, including Turkey, has on the opposite dropped by 8.7pps to 22.7 points reflecting more cautious economic expectations for the next six months, compared to the previous report. Market players expect the strengthening of the local currency as well as the strengthening of the domestic stock exchange in the next six months.

Source: IntelliNews – Romania Today (16.12.2010)