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Study: six out of ten managers estimate that Romania will have economic growth in 2021
Six out of ten Romanian managers (61.1%) estimate that Romania will register economic growth in 2021, while almost three quarters (72%) expect a depreciation of the leu during the same interval, show the results of the study ‘Trust in economy and business conditions’ developed by the platform Project-E in collaboration with Bucharest Business School.
According to the research, 54.7% of the interviewees estimate that ROBOR at three months will be between 1% and 2% during one year, and 33% expect a worsening of the macro-economic conditions.
58% of the total of those interviewed estimate that the rate of unemployment would increase over the next 12 months, but with a drop against the results of QIV in 2020, when 77% of the interviewees considered that the rate of unemployment would increase.
According the quoted source, over two thirds (67%) of the Romanian managers consider that the salaries will be at a constant level during the next year.
The survey shows that 42% of the interviewees consider that, in the interval under analysis, the rate of inflation will be betweeen 2% and 3% while 41% do not expect important alterations as regards the price of real estate over the next 12 months, and 32% expect a growth.
Moreover, six out of ten managers (60%) appreciate that the national currency will depreciate over the next half of year, but72% of the interviewees expect a depreciation of the leu over the next twelve months.
Similarly, 61.1% of the interviewees anticipate that Romania will register economic growth in 2021, due to a constant evolution or upgoing of consumption, estimate which belongs to a share of 68% of the total of managers.
On the other hand, 78.9% of the sample interviewed consider that, over the next 12 months there will a hybrid situation where remote work and work from the office will coexist and more than half (54%) of the interviewed expect a growth of business travel.
While 68% of the managers estimate constancy or even growth of the profitability of the company where they work ( 28% expect growth) over three quarters (76%) of them state that the investments of the companies where they activate should be increased or be kept at the same level for the next twelve months, out of which 38% expect growth.
As for turnover, 76% of the interviewees stated that they expect a conservation or growth. In parallel, 38% of the people intervieweed anticipate a boost of the business, and 24% expect a drop.
The study ‘ Trust in economy and business conditions’ was made during January 2021 by Bucharest Business School, together with the platform Project-E.ro, among the graduates and students of the programmed EMBA Romanian-Canadian, by the online completion of a survey. The centralisation, codification, descriptive analysis and the presentation of the results were made by the representatives of the programmed EMBA Romanian-Canadian.