Romanian managers say that in 2021 the economy will grow beyond 2019 level

Romanian managers are certain that in 2021 the Romanian economy will grow beyond the level of 2019, and this year their companies will obtain higher turnovers than in 2019, EXEC-EDU reports.

63.6% of Romanian managers believe that in 2021 their companies’ revenues will exceed those obtained in 2019.

Also, 54.5% of respondents believe that in 2021 Romania’s economy will grow above the 2019 level, while 27.3% believe that will regress to the level of 2019.

Asked about the economic consequences of the health crisis, 68% of managers believe that the coronavirus pandemic didn’t have the same negative impact as the 2008-2009 crisis.

The high level of uncertainty in the pandemic required the adoption of a new management model in the company for 81.8% of those surveyed.

For comparison, in the 2009 crisis only 50% of the managers surveyed changed their management model.

In terms of accelerating the process of digitisation, 81% of respondents say that in their companies processes were automated and digitized, while in the 2009 crisis only 9% of companies accelerated the process of digitization.

More than half (54.5%) of the respondents stated that the companies in which they work allocated training and development budgets for their management team last year.

Regarding remote work, 79.3% of managers say that companies will allow employees to work flexibly and partly remotely after the pandemic.

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