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The Impact of the Health Crisis on the Business Environment

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  • Timeea-Alexandra Savu (Simionescu)

    („Valahia†University of Tȃrgoviṣte)

Abstract

The pandemic has hit all EU member states, without exception and continues to affect the whole world. This acute and unprecedented crisis has affected both, companies and households, who are facing immediate liquidity problems. Political actors now play an important role, so they need to adopt policies, strategies and measures to support companies and those sectors that may face solvency challenges as much as possible in order to survive this period of crisis. This is crucial to prevent this from causing structural unemployment and to maintain the health of public finances after the temporary shock of the crisis. This study presents the impact of the health crisis on the business environment and the measures adopted by the governments of the affected states in order to overcome the crisis, measures that were intended to be social and economic protection and support, but with undesirable consequences on economic and social balances.

Suggested Citation

  • Timeea-Alexandra Savu (Simionescu), 2020. "The Impact of the Health Crisis on the Business Environment," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 492-495, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:492-495
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    More about this item

    Keywords

    entrepreneurship; pandemic; recession; stabilization policies; economic recovery;
    All these keywords.

    JEL classification:

    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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