Romanians believe that the country could face a financial crisis in 2024, with inflation being one of the potential causes, followed by international conflicts and legislative changes, according to the findings of a survey conducted by Reveal Marketing Research, commissioned by XTB Romania, a stock trading company.
According to the survey, more than half of the respondents to the questionnaire (57%) believe that it is very likely that in 2024 Romania will face an economic crisis. Most of the young people who participated in the survey (18-24 years old) believe that this year Romania will be affected by an economic crisis (84%).
Regarding the source of a potential economic crisis, most of the Romanians believe inflation to be the main cause (76%), followed by international conflicts (56%), legislative changes (40%), elections (39%), unemployment (23%) or unexpected personal events (23%).
Over half (66%) of the respondents believe that „money put aside” is a safe way to save, and 60% of them say the same about bank deposits.
At the same time, 42% of respondents trust investing in bonds, and 26% of them prefer investment in the stock market through licenced brokerage platforms (26%). At the same time, 17% of respondents say that investing in cryptocurrencies is a safe way to make a profit.
„It is natural that in uncertain times we want to save for a more stable future. Given the context, it is more prudent not to put all our eggs in one basket and to be open to diversifying investment methods. Since inflation is seen by most Romanians as a possible cause of an eventual economic crisis, the data show that, in the face of this phenomenon, money put aside ‘under the mattress’ or in bank deposits is not a method of saving. In such instances, passive investment can be considered, but such decisions should be thoroughly researched because they come with a degree of risk,” says Irina Cristescu, general manager of XTB Romania.
As for the strategy to deal with possible financial difficulties, 48% of respondents say they plan to continue with their current savings plan, 27% of them intend to increase investment, while 13% plan to reduce their amounts.
„Regardless of the final strategy, it is important that, if we choose to invest diversified, we identify the supplier that offers us the necessary support, especially in terms of risk management,” adds Cristescu.
The survey, conducted by Reveal Marketing Research in May 2024, included a sample of 1,004 respondents (men and women, over 18 years old) from urban areas and internet users.
XTB Group is an international provider of trading and investment products, services and technology solutions.
AGERPRES
