The index measuring changes in personal finance during the last year has increased, with 57% of the respondents indicating a worsening of their financial situation compared to 61% in September-November.
30% of the respondents to the survey anticipate a deterioration in their personal finance over the next 12 months, versus 26% a year earlier.
More than three quarters of the respondents believe the economy has weakened markedly over the past 12 months, while 20% predict the country’s general economic condition will strengthen over the next year versus 26% a year earlier.
The outlook for inflation and labor marked drew a mixed reaction, with two thirds of the Romanians expecting price growth in 2010, versus 70% a year earlier. 78% of the respondents expect the unemployment rate to rise further into 2010, compared to 85% in December 2008.
57% of the surveyed said they won’t make any major durables purchases over the next 12 years, due to the poor climate, same as a year earlier.
The “now is time to save” index remained poor in December, with 78% of the Romanians saying it is a very bad time to save, and 20% saying they are burdened with debt.
The GfK Consumer Confidence Survey from GfK was conducted among a sample of 1,000 individuals aged at least 15. The survey is co-financed by the European Commission and carried on a monthly basis by GfK.
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