COVID-19 INFLUENCE IN THE EUROPEAN ECONOMY AND THE IMPACT AT NATIONAL LEVEL

Lucian Ivan () and Cosmin Sandu Badele ()
Additional contact information
Lucian Ivan: Ministry of Internal Affairs
Cosmin Sandu Badele: Ministry of Internal Affairs

Management Strategies Journal, 2021, vol. 52, issue 2, 41-51

Abstract: The humanitarian crisis caused by the COVID-19 pandemic has also triggered a global economic crisis. The total impacts on European and national economy will depend not only on the duration of the pandemic, but also on the speed of response, and on the measures taken. However, the serious situation is also a major, evolving challenge. The economic indicators analyzed at European and national level highlight the 'fragility' of the economy, which will lead to the perpetuation of the crisis during 2021, with major effects on companies and job losses. One possible solution to the crisis is to adapt the economy to the conditions imposed by the pandemic, while putting the COVID-19 vaccine on the market or an effective treatment that will reduce the risk of infection of the population. Another key element that will lead to economic recovery is the digitization of industrial and commercial processes, an effect of the crisis being the emergence of telework globally.

Keywords: economic crisis; covid-19 pandemic; economy; financial indicators; recession (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.strategiimanageriale.ro/papers/210219.pdf (application/pdf)

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:brc:journl:v:52:y:2021:i:2:p:41-51

Access Statistics for this article

More articles in Management Strategies Journal from Constantin Brancoveanu University
Bibliographic data for series maintained by Dan MICUDA ().