The economic recovery in Romania, after the COVID pandemic, will be an asymmetric one, with sectors that will register a sustained growth and others that will continue to face significant difficulties. Thus, over 60% of the companies surveyed in the Moneycorp 2020 Barometer estimate that they will reach the 2019 turnover only in 2022.

With the advent of COVID vaccines, the world economy and implicitly the Romanian economy will gradually overcome the unprecedented economic crisis triggered by the pandemic. The capacity of countries to overcome the crisis in 2021 will be determined by the effectiveness of savings support programs, in which the authorities will play an important role.

According to the experts from Moneycorp, for Romania the prospects are generally positive, especially in the context in which our country is to benefit from an unprecedented package of financing, from the EU, of over 80 billion euros.

According to the second edition of the Moneycorp Barometer on the state of the economy, conducted between December 1-8, 63% of the over 1,000 surveyed companies expect the economic recovery to follow the pattern of the letter “K”, 15% estimate an evolution below “U” or “W” shape and only 7% rely on a fast ascent, in the form of the letter “V”.

“The perception of the business environment generally shows a moderate optimism regarding the economic evolution of 2021. The return will be asymmetric. The list of sectors that will register a significant advance are mainly those that have performed in the lockdown generated by the pandemic, from online commerce to courier services, construction, DIY and electro-retail. Along with these, we expect to see the HORECA segment as the vaccination campaign progresses and the lifting of existing health restrictions. On the list of sectors that will register a somewhat more temperate recovery are businesses in the industrial, agricultural sector (severely affected by the drought in 2020), the events sector, tourism and transport, where there will continue to be problems and the dynamics in these sectors will be influenced by the evolution of orders, by access to financing, by the management of the financial bottleneck,” declared Cosmin Bucur, Managing Director within the company.

According to the results of the barometer, 15% of managers estimate that they will recover in 2021 the turnover lost in 2020, while 23% estimate that business in 2021 will follow a stable trend, not being influenced by the effects of the pandemic (in general companies that had gained from the pandemic).