1. Romanian rebound after the crisis and the re-launch of the banking credit
- Author
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RADULESCU, Magdalena and SANDRA, Dita
- Subjects
Economics ,economic crisis,banking credit,macroeconomic environment,Romania ,İktisat - Abstract
During the 2007 crisis, Romania facedmany economic challenges: a riseof inflation, large exchange rate fluctuations, drop of the banking credits, ahigh share of non-performing loans, drop of the banking profitability ratios.Starting with 2014, the Romanian economy has rebounded. The banking systemrelaunched its increasing trend ofbanking loans, mainly for consumption, the wages increased and the economicgrowth reached the highest level in the European Union (EU) area. The publicdebt and current account deficit largely increased, public deficit is higherthan 3%, the inflation re-surged at high levels and the economic growthis mainly based on consumption which couldn’t be sustainable in the long-run.(Retrieved Video Article from: https://www.youtube.com/watch?v=Gm7Ebehww0c), During the 2007 crisis, Romania faced many economic challenges: a rise of inflation, large exchange rate fluctuations, drop of the banking credits, a high share of non-performing loans, drop of the banking profitability ratios. Starting with 2014, the Romanian economy has rebounded. The banking system relaunched its increasing trend of banking loans, mainly for consumption, the wages increased and the economic growth reached the highest level in the European Union (EU) area. The public debt and current account deficit largely increased, public deficit is higher than 3%, the inflation re-surged at high levels and the economic growth is mainly based on consumption which couldn’t be sustainable in the long-run.(Retrieved Video Article from: https://www.youtube.com/watch?v=Gm7Ebehww0c)
- Published
- 1899