ROMANIAN AUTOMOTIVE SECTOR AMID COVID-19 PANDEMIC CRISIS: IMPACT ON PRODUCTION AND PRODUCTIVITY
Maria-Daniela Bondoc () and
Filofteia Georgiana Jucatoru ()
Additional contact information
Filofteia Georgiana Jucatoru: Faculty of Economics and Law, University of Pitesti, Romania
Scientific Bulletin - Economic Sciences, 2020, vol. 19, issue 3, 71-78
For more than eight months, the global economy has been challenged to cope with an unprecedented health crisis affecting both individuals and businesses. The pandemic generated by the COVID-19 virus has rapidly spread globally and continues to strongly threaten the entire economy. After tourism, the automotive sector suffers the most. The analysis proposed in this paper aims at comparisons between the level of some economic indicators in the Romanian automotive sector (production, average number of directly productive staff, productivity) in 2020 and 2019 to highlight the impact of the state of emergency and then the state of alert established at national level due to the COVID-19 pandemic. The car market has been hit hard by the crisis of this pandemic, and there has been a sharp decline in production and sales. The automotive industry is one of the key components of the global economy, and the downturn has affected and will severely affect society as a whole.
Keywords: Automotive sector; COVID-19 economic impact; Economic indicators. (search for similar items in EconPapers)
JEL-codes: D24 G01 M11 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2020:i:3:p:71-78
Access Statistics for this article
Scientific Bulletin - Economic Sciences is currently edited by Alina Hagiu
More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Bibliographic data for series maintained by Alina Hagiu ().