Romania has the best economic outlook in Central- Eastern Europe region

Newsroom 16/12/2010 | 15:41

Romania’s economic outlook has improved, being the country with the best perspectives in Central and Eastern Europe, according to a survey by the ZEW Institute and the Austrian group Erste.

The ZEW index concerning the analysts’ expectations for Romania increased with 8.8 percent compared to November, up to 40.4 points.

For the entire Central and Eastern Europe, the index decreased by 8.7 points down to 22.7 points, which indicates a more cautious evaluation of financial consultants. Romania is followed by Slovakia (33.3 points), Croatia (26.8 points) and Poland (26.2 points)

While the economy is expected to pick up over the next six months, the current state of the economy is evaluated as being among the worst in the region. However, the index signaled a 4 points improvement to minus 48.7 points. Romania thus switched places with Hungary that was ranked last, after losing 12.1 points and reached minus 53.1 points.

Otilia Haraga