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

Constantin Anghelache, Mădălina-Gabriela Anghel, Ștefan Virgil Iacob and Dana Luiza Grigorescu
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Constantin Anghelache: Bucharest University of Economic Studies, Romania; Artifex University of Bucharest, Romania
Mădălina-Gabriela Anghel: Artifex University of Bucharest, Romania
Ștefan Virgil Iacob: Artifex University of Bucharest, Romania
Dana Luiza Grigorescu: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2022, vol. XXIX, issue 4(633), Winter, 239-252

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.

Keywords: pandemic crisis; parameters; forecast; inflation rate; unemployment. (search for similar items in EconPapers)
Date: 2022
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