The Impact of the Health Crisis on the Business Environment

Timeea-Alexandra Savu (Simionescu) ()
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Timeea-Alexandra Savu (Simionescu): „Valahia†University of Tȃrgoviṣte

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 492-495

Abstract: The pandemic has hit all EU member states, without exception and continues to affect the whole world. This acute and unprecedented crisis has affected both, companies and households, who are facing immediate liquidity problems. Political actors now play an important role, so they need to adopt policies, strategies and measures to support companies and those sectors that may face solvency challenges as much as possible in order to survive this period of crisis. This is crucial to prevent this from causing structural unemployment and to maintain the health of public finances after the temporary shock of the crisis. This study presents the impact of the health crisis on the business environment and the measures adopted by the governments of the affected states in order to overcome the crisis, measures that were intended to be social and economic protection and support, but with undesirable consequences on economic and social balances.

Keywords: entrepreneurship; pandemic; recession; stabilization policies; economic recovery (search for similar items in EconPapers)
JEL-codes: I25 J24 M21 M54 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:492-495

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