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The trend of the economic evolution in Romania in the context of crises

Authors :
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
Dana Luiza GRIGORESCU
Source :
Theoretical and Applied Economics, Vol XXIX, Iss 4, Pp 239-252 (2022)
Publication Year :
2022
Publisher :
General Association of Economists from Romania, 2022.

Abstract

Today, the world economy is facing a series of crises that are constantly acting, producing special negative effects. More recently, the energy crisis has appeared on this general background of crisis that I mentioned but also as a result of reduced resources, control over the exploitation of these resources but especially due to the Russian-Ukrainian war (Russian-Ukrainian armed conflict). In this generally unfavorable context, the world economy is facing major problems. Inflation has reached unsuspected levels, unemployment is rising, the employment rate is declining, incomes are declining, the incomes of the population are falling sharply, causing a general reduction in the standard of living, of the living standard of the population. All these are analysed, constituting the main objective of this article in which we propose to identify the evolution trend of the Romanian economy in the general context, of the European Union and more globally, in the next period. We cannot talk about a forecast that would consist in determining the evolution parameters, so that we can foreshadow, with a high probability, the perspective of the evolution of the Romanian economy in a general, European and world context.

Details

Language :
English
ISSN :
18418678 and 18440029
Volume :
XXIX
Issue :
4
Database :
Directory of Open Access Journals
Journal :
Theoretical and Applied Economics
Publication Type :
Academic Journal
Accession number :
edsdoj.66d0a60602844b096be624ea3910691
Document Type :
article