The Challenges and Opportunities of the Romanian Economy vs. EU to the Crisis Caused by the COVID-19 Pandemic

Botis Horia Razvan (), Nen Madlena () and Bogheanu Corina ()
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Botis Horia Razvan: Bucharest University of Economic Studies, Bucharest, Romania
Nen Madlena: Military Technical Academy “Ferdinand I”
Bogheanu Corina: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2023, vol. 17, issue 1, 364-379

Abstract: The COVID-19 pandemic is our time’s defining global health crisis that has brought about a worldwide upheaval in daily lives and societies. Prompted by the urgency of the situation, all EU Member States have taken public health measures to stop the spread of the virus and limit the rise of the death toll. In the first half of 2020, the COVID-19 pandemic caused uneven - but in all cases substantial - GDP losses across Member States. The economic impact was uneven due to various factors such as differences in the structure of economies and health strategies to combat the pandemic and the effects of the lockdowns on economic sectors. This review aims to provide an integrated picture of the main economic policy responses in the EU; It presents an analytical description of the measures launched both at the EU and Member States’ levels and identifies risks, challenges and opportunities for the future of EU economic coordination.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:17:y:2023:i:1:p:364-379:n:30

DOI: 10.2478/picbe-2023-0036

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