EME Macro/Strategy: Romania – steady economy, continuing budget uncertainty
We are approaching our bi-yearly conference on Romania and the Frontier countries. As has now become our tradition during these events, we discuss the outlook for Romania with investors and policy makers. This report lays out our current assessment for the GDP, inflation, rates and the RON. Not much has changed in our forecasts in recent months: economic momentum has been decelerating this year, but Romania is an outperformer in the region. Inflation is about to fall back into single digits and could trend around 5% next year, allowing the Central Bank to deliver contained monetary easing of 100bps in 2024E.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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