THE SOCIAL - ECONOMIC STATE OF ROMANIA UNDER THE IMPACT OF CRISIS

Constantin Anghelache, Madalina Gabriela Anghel and Stefan Virgil Iacob
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Constantin Anghelache: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES / ARTIFEX UNIVERSITY OF BUCHAREST
Madalina Gabriela Anghel: ARTIFEX UNIVERSITY OF BUCHAREST
Stefan Virgil Iacob: ARTIFEX UNIVERSITY OF BUCHAREST

Annals - Economy Series, 2022, vol. 4, 29-39

Abstract: The socio-economic evolution of all the states of the world is currently influenced by the "concentration" of crises that affect inthe eaging socio-economic situation. Thus, the pandemic crisis triggered the financial and economic crisis, then the energy crisis, the food crisis and, finally, the European security crisis appeared due to the armed conflict (război) Ukraine – the Russian Federation. In this article, the authors aim to highlight how these crises that we have mentioned, concentrated, have an effect that can become disastrous for the entire population of Europe and, why not, more broadly, of mankind. In order to achieve this goal, we used the methodology that is based on statistical indicators (dynamics indicators, structural indicators, indicators of macroeconomic evolution as well as of the standard of living), logical analysis, the use of statistical-econometric models that highlight how the socio-economic life is influenced by these crises that we have to bear. To highlight the fact that if, based on forecasts, these crises with an effect on the economy continue, some countries, if not the entire economy, may enter into recession. In presenting these aspects, based on the mentioned methodology, we also used graphical representations, synthetic tables, all obtained from the data vases of the National Institute of Statistics, Eurostat, the OECD or other sources, such as the European Union or international statistical bodies.

Keywords: corovavirus pandemic; armed conflict; standard of living; inflation; statistical indicator (search for similar items in EconPapers)
Date: 2022
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