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The Global Economic Crisis... Is This the Beginning of a Large Recession?

Author

Listed:
  • David Delia

    („Vasile Goldis” West University of Aradt)

  • Pojar Daniela

    („Babes Bolyai” University of Cluj)

Abstract

This paper analyzes the impact that the global crisis has on the labour market both in Romania and in Europe. The financial crisis is felt in Europe in most of the economic sectors (automotive, chemicals, transport, Real Estate) and everything suggests that the negative effects will extend to other areas. Romanian industry's crisis plan was backed by the global financial crisis. The measures which will be taken by the affected countries are very important in terms of restoring a balance in the future labor market.

Suggested Citation

  • David Delia & Pojar Daniela, 2011. "The Global Economic Crisis... Is This the Beginning of a Large Recession?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 541-546, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:541-546
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    More about this item

    Keywords

    the global crisis; the labour market; the average monthly earnings; the employee.;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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