THE FUTURE COLOR OF THE FUTURE

Liviu Mihãescu
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Liviu Mihãescu: Lucian Blaga University of Sibiu, Romania

Revista Economica, 2009, vol. 48, issue 6, 5-8

Abstract: The Eastern Europe will remain under pressure from the crisis and most likely will increase the rate of entry. The economies of these countries are rudimentary and legislative chaos and corruption will be aggravating factors in the whole equation of crisis. It remains doubtful that these countries will receive support from the EU. It is also possible to see the withdrawal of western banks in these markets, with particularly aggravating consequences. The economic situation of Romania is figured by falling exports that caused a decline in industrial production, lending slowdown with results in lower turnover for retailers, auto manufacturers and construction companies. All these were seen in decreasing revenues to the treasury, drop in living standards and so on. Mainly, we had a year not much different from the one that passed. Will remain the same imbalances and we have some similar debate like now. Although the prospects of a major collapse seem to be becoming more remote, as deteriorating macroeconomic indicators, fundamentals stability are becoming increasingly fragile. Although we do not think we have part of such a scenario in 2010, should not totally out of account this perspective, especially because the entire financial banking system may be turned into a scenario with infinite money supply.

Keywords: crisis; developed and emerging economy; economic stability; flows (search for similar items in EconPapers)
Date: 2009
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