Evolutions and prospects in Romania’s economy

Mihaela Daniela Niculescu, Miron Dumitrescu, Andrei Mihai Cristea and Oana Camelia Iacob
Additional contact information
Mihaela Daniela Niculescu: Bucharest University of Economic Studies, Romania
Miron Dumitrescu: National Institute of Economic Research, Romanian Academy, Bucharest, Romania
Andrei Mihai Cristea: Hyperion University, Bucharest, Romania
Oana Camelia Iacob: Valahia University, Târgovişte, Romania

Theoretical and Applied Economics, 2014, vol. XXI, issue 3(592), 115-122

Abstract: As an EU member, Romania is firmly anchored in the global economy, making it sensitive to its developments, but also to its regression. The current period is still quite cloudy; Romania is still subject to major risks. As a result of deepening economic and financial crisis macroeconomic indicators have not had the sustained positive development. Romania’s GDP in 2009 declined from 7.3% to -7.1%, in 2010 the decrease was about 1.2%, as in 2011 and 2012 to record slightly positive developments of 2.5% and 0.3%. For 2013 it is expected an increase of 2% for Romania's GDP, while global economic growth is still quite slow. Since 2010 inflation rate is decreasing, going from 6.09% to 3.33% in 2012 and by the end of 2013 it should be around 3.4% according to the Economist Intelligence Unit. In 2010 the unemployment rate in Romania was at 7.3% reaching to 7% in 2012. We will try in this article to make a brief analysis of the current situation of Romania, but also to see what its prospects for development are.

Keywords: growth; inflation; unemployment; external debt; balance of payments. (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/966.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=966&rid=108 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxi:y:2014:i:3(592):p:115-122

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().