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Financial decision-maker sentiment: Romania

An ongoing look at how the attitudes of financial decision makers in Romania are evolving during the COVID-19 pandemic.

Over 40 percent of financial decision makers in Romania view the current economy as weak, and a similar percentage expect it to weaken further in the next 3 months. Similarly, over 50 percent of consumers state their current financial situation is at least somewhat weak, and only 20 percent expect it to improve in the next months. While almost half of consumers have experienced reduction in income and savings, less than a third have been able to reduce household spending. Lastly, 60 percent of consumers are concerned about their job security, with a similar share having less than 4 months of savings.

About the author(s)

Alexandru Filip is a partner in McKinsey’s Bucharest office, where Oana Ionuțiu is a manager. John Euart is an associate in the New York office.

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