Determining Factors of Persistent Recession in Developed Economies

Alexandru Burda and Sebastian Chirimbu
Additional contact information
Alexandru Burda: “Dimitrie Cantemir” Christian University
Sebastian Chirimbu: “Spiru Haret” University

Romanian Statistical Review Supplement, 2012, vol. 60, issue 4, 195-200

Abstract: Despite the apparent recovery, the economies of developed countries seem to enter again in recession. The most important signs of this possibility are the precarious state of the labor market, consumer skepticism and lack of confidence and a global debt crisis by which the national governments seem overcome. An additional worsening of the situation in any of these problem areas and in other, strongly connected areas, would be enough to trigger a new global economic crunch.

Keywords: Recession; consumption; unemployment; debts; taxation; crisis; consumer (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revistadestatistica.ro/suplimente/2012/4/srrs4_2012a30.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:rsr:supplm:v:60:y:2012:i:4:p:195-200

Access Statistics for this article

More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC.
Bibliographic data for series maintained by Adrian Visoiu ().