In its 2012 Restructuring survey, the consultancy firm said more than half of the polled managers believe Romania to be at a high risk for a new recession.
“By contrast, around 70% of German managers see no risk of such recession,” Roland Berger said.
The survey polled top managers in 10 European countries. In Romania and Germany, board members and managing directors of some 300 companies from different industries took part in the survey, which was conducted in March-May 2012.
The sovereign debt crisis is expected to have a much stronger negative impact on the Romanian economy (68%) as compared to Germany (38%), the survey showed.
“However, Romanian managers expect this negative impact to be much less noticeable in their own companies, even though they consider themselves more exposed compared to German ones (29% vs. 12%),” the consultancy firm said.
It said almost 80% of both Romanian and German managers believe the economic and financial crisis hasn’t reach its peak yet. Nonetheless, most managers in both countries consider themselves well-equipped for an economic slowdown or a new crisis in 2012.
The European sovereign debt crisis and its impact on the financial services sector are considered possible main causes of a renewed credit crunch or liquidity crisis, the survey noted.
“In terms of financing, although Romanian and German managers generally face the same challenges, the Romanian perspective is a lot more negative, the main reason being the business environment deterioration,” Roland Berger said.