The survey was conducted between April 6 and April 25 by the Romanian Business Leaders (RBLS) foundation, in partnership with market research company GfK. The survey polled 171 businesspeople and managers in Romania.
Some 77% of respondents said the lack of investments will have a major impact on the country’s economy in the next twelve months, while 75% of them pointed at corruption. About 68% of Romanian businesspeople believe the economy will be affected by investors’ pessimism, and 64% of them pointed their finger at the economic uncertainty, reads the survey.
Respondents believe that workforce migration, the school abandonment rate increase and population aging will have a strong social impact.
The deepening of the euro zone crisis and a downfall of the European economy are considered major problems by all categories of managers.
The current situation on foreign markets will impact local investments, causing exports to fall or stagnate. The Romanian economy will be vulnerable to a prospective reduction in exports, as consumption is not able to sustain growth, reads the survey.
Local and parliamentary elections, to be organized in Romania in June and November, respectively, are among the domestic factors to negatively impact the economy in the next 12 to 18 months.
Romanian managers expect the main consequence of elections will be the stagnation of the economic activity, alongside instability, delayed EU-funded projects and a waste of resources.
Usually, elections generate a small wave of noncompliance in the economy, due to populist measures that generally encourage consumption, shows the survey.