International financial analysts have strongly adjusted their estimations on Romania’s economic outlook, according to the German research institute ZEW in collaboration with the Austrian banking group Erste.

The index measuring the analysts’ sentiment on the Romanian economy dropped by 13.3 points in February, to 18.2 points. It was the steepest decline among the countries in Central and Eastern Europe.

Despite the decline, Romania stayed in the third place in the region, after Croatia, which had 26.9 points, down by 11.7 points compared to January, and Austria, with 26.4 points, down by 8.9 points.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects financial market experts’ expectations for the CEE region on a six-month time horizon.

However, the financial experts are more optimistic about the current state of the Romanian economy compared to January. The index went up by 10.9 points compared to January, to 28.5 points.

editor@romania-insider.com