The data sent by the statistics office on Tuesday, which confirms the slowdown of the economy, portends a rather difficult economic future in the near future.

In addition to the open conflicts in Ukraine and Israel, the European economic landscape looks quite unstable, and the private business environment has a gloomy outlook for the next 6 months.

Almost two-thirds of Romanian company executives surveyed by Impetum Group say – regarding the national economy – that the situation will worsen.

With the “speedometer” of the economy stuck at the level of 1.8% growth in the first 9 months, Romanian managers are cautiously looking at the development of the European and world economies. Of course, the decrease in external demand will affect us directly or indirectly, depending on the degree of openness of each company.

The share of business leaders who expect an increase in public investment has halved, as has the share of those who believe we will see an increase in private investment.

The bad part is that when Romanian executives lose confidence in the economy, they react accordingly and in turn reduce their appetite for investment, preferring caution and waiting for better times.

In the near future (6 months), the most critical situations they may face are shown in the table below: requests for salary increases, reduced profits and the need for external financing (which may indicate a liquidity problem and the specter of insolvency).

In short, the business environment still expects the economy to slow down due to the impact of the new tax measures.

The Head of State also admitted this: “I also know that the recently adopted fiscal measures were not well received by the business environment. However, I believe that the Government will consider the necessary adjustments where they are needed and will take measures to maintain Romania’s fiscal competitiveness in order to continue to attract productive investments for the benefit of our economy,” said President Iohannis. .

However, the tax package remained fixed, the state preferred to overtax everything that moves in the economy – especially honest entrepreneurs who pay their debts – precisely because it is unable to detect big evaders. In the very short term, this measure may bring them a modest financial addition to the budget, but due to the decisions that businessmen will take to protect their business, it may affect the economy from a social point of view (through layoffs, rejection of investments). and also) or even sow the seeds of a future crisis.