In December 2014 economic expectations for Central and Eastern Europe (CEE) improve considerably, according to ZEW-Erste Group Bank Economic Sentiment Indicator, survey shows.
The perception of German financial analysts on the Romanian economy has also improved, both in terms of the current economic situation and its evolution in the next six months, in line with the expectations for the entire region.
Thus, their perception indicates that the present Romanian economy state grew by 17.5 points in December from -0.1 points in the previous month. In terms of local economic, the outlook for half year improved by 9.7 points, the indicator climbing from 23.6 to 33.3 points this month.
Romania ranks fifth in the economic expectations top in the region, down two places from November. The first four places are taken in order by Slovakia, Austria, Poland and Croatia. Bucharest Stock Exchange (BVB) outlook has improved this month, and the indicator that measures the expectations for the BET index recorded an increase of 24.2 points to 66.6 points.
In the same time, the expectations for the evolution of national currency significantly jumped, reaching 27.4 points, from 3.3 points in November.
The Financial Market Survey CEE is a survey carried out among financial market experts by the Centre for European Economic Research in Mannheim (ZEW) and Erste Group Bank AG, Vienna. The target of this survey is to develop indicators describing the economic conditions in Central and Eastern Europe (CEE) as well as in Austria.
The CEE region observed in the survey consists of Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and, since October 2010, Turkey.
The financial experts are questioned on their evaluations of the current business situation, the medium-term prospects of the respective economies and their expectations as to the development of the inflation rate, the short- and long-term interest rates, exchange rates and stock prices on a six-month time horizon.