ZEW-Erste Bank: Romania economic outlook improves on low base.

By bne IntelliNews December 17, 2010
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 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. The balance between those who assess the current economic situation as good vs. those who rate it as bad, deteriorated by 12.1pps to minus 53.1 points meaning that the optimistic expectations issued a month ago were not fulfilled. Back in November, the balance between optimistic and pessimistic expectations was 31.6 points. Regarding the detailed expectations, the respondents strengthened their expectations for the local currency strengthening to a positive balance of 22.5 points, up by 11.2pps m/m. The local stock exchange index is expected to strengthen, with a positive expectations balance of 50 points, but in the context of general bullish expectations revealed by the 60.5 points net positive expectations for the composite NTX CEE index.
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