Main Developments and Perspectives of the European Union

Constantin Anghelache, Madalina-Gabriela Anghel and Mirela Panait ()
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Constantin Anghelache: Bucharest University of Economic Studies / „Artifex” University of Bucharest
Madalina-Gabriela Anghel: „Artifex” University of Bucharest

Romanian Statistical Review, 2017, vol. 65, issue 2, 57-79

Abstract: In this paper, the authors have analyzed the main economic-financial evolutions of the European Union member countries. First, we have performed the study regarding the evolution of the Gross Domestic Product growth in the European Union, by total and by comparison with other countries that play an important role in the global evolution of the economy. There are emphasized comparative data regarding the economic growth of China, which is the highest in the world. The growth rate of China is net superior to the rates recorded by USA, Japan and European Union (28 members). There can be observed a significant decrease of economic growth during the period 2008-2010, with a negative peak in 2009 (-2%-6% in the case of the United States, EU-28 and Japan). Even if China itself has felt the effects of the economic-financial crisis, the growth rate has reduced from 14% in 2007 to 9% in 2008, the decrease continued in the subsequent period, reaching some 8.5% in 2014. Then, we have analyzed the financial evolution, the exchange rate of the main currencies, the evolution of the inflation and the balance of foreign payments and international commercial exchanges. Particular attention was granted to direct foreign investments in and out the EU member states. The study is focused on the comparison of the foreign investments’ evolution during 2009-2014 for the main 10 partners of the European Union. Through this study, the results achieved by the EU during the specified periods were outlined, at each specific item within the internal, but also external relationships with other states in Europe or on wider global plan. The authors have put additional emphasis on the analysis of the period after 2007, since Romania has become member of the European Union.

Keywords: balance of payments; financing; inflation; exchange rate; Gross Domestic Product (search for similar items in EconPapers)
JEL-codes: O11 O47 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:rsr:journl:v:65:y:2017:i:2:p:57-79

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