Investors in Romania, cautiously optimistic about economic growth this year

11 January 2017

Over half of Romania’s investors estimate that the economy will continue to grow this year but at a slower pace compared to that in 2016 due to a decline in consumption, according to a survey conducted by local financial consultancy firm KeysFin among investors in Romania.

In 2016, consumption was the main engine that drove the economic growth of close to 5%. The economic evolution in 2017 is seen in a positive note, but most investors remain cautious.

In total, 53% of the managers surveyed by KeysFin estimate a GDP growth of 4-4.1% for this year whereas 28% expect a growth ranging between 4.2% and 5%. Only 13% of them estimate an economic growth below 4%.

According to the latest data from the National Statistics Institute (INS), Romania’s annual economic growth slowed down to 4.4% in the third quarter of 2016, down from an advance of 6% in the second quarter.

Most managers surveyed by KeysFin (62%) said that one of the main challenges of 2017 is a slowdown in consumption growth whereas 43% talked about the uncertainties related to economic developments worldwide.

editor@romania-insider.com

Normal

Investors in Romania, cautiously optimistic about economic growth this year

11 January 2017

Over half of Romania’s investors estimate that the economy will continue to grow this year but at a slower pace compared to that in 2016 due to a decline in consumption, according to a survey conducted by local financial consultancy firm KeysFin among investors in Romania.

In 2016, consumption was the main engine that drove the economic growth of close to 5%. The economic evolution in 2017 is seen in a positive note, but most investors remain cautious.

In total, 53% of the managers surveyed by KeysFin estimate a GDP growth of 4-4.1% for this year whereas 28% expect a growth ranging between 4.2% and 5%. Only 13% of them estimate an economic growth below 4%.

According to the latest data from the National Statistics Institute (INS), Romania’s annual economic growth slowed down to 4.4% in the third quarter of 2016, down from an advance of 6% in the second quarter.

Most managers surveyed by KeysFin (62%) said that one of the main challenges of 2017 is a slowdown in consumption growth whereas 43% talked about the uncertainties related to economic developments worldwide.

editor@romania-insider.com

Normal
 

facebooktwitterlinkedin

1

Romania Insider Free Newsletters