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The trend of the economic evolution in Romania in the context of crises

Author

Listed:
  • Constantin ANGHELACHE

    (Bucharest University of Economic Studies, Romania; Artifex University of Bucharest, Romania)

  • Mădălina-Gabriela ANGHEL

    (Artifex University of Bucharest, Romania)

  • Ștefan Virgil IACOB

    (Artifex University of Bucharest, Romania)

  • Dana Luiza GRIGORESCU

    (Bucharest University of Economic Studies, Romania)

Abstract

Today, the world economy is facing a series of crises that are constantly acting, producing special negative effects. More recently, the energy crisis has appeared on this general background of crisis that I mentioned but also as a result of reduced resources, control over the exploitation of these resources but especially due to the Russian-Ukrainian war (Russian-Ukrainian armed conflict). In this generally unfavorable context, the world economy is facing major problems. Inflation has reached unsuspected levels, unemployment is rising, the employment rate is declining, incomes are declining, the incomes of the population are falling sharply, causing a general reduction in the standard of living, of the living standard of the population. All these are analysed, constituting the main objective of this article in which we propose to identify the evolution trend of the Romanian economy in the general context, of the European Union and more globally, in the next period. We cannot talk about a forecast that would consist in determining the evolution parameters, so that we can foreshadow, with a high probability, the perspective of the evolution of the Romanian economy in a general, European and world context.

Suggested Citation

  • Constantin ANGHELACHE & Mădălina-Gabriela ANGHEL & Ștefan Virgil IACOB & Dana Luiza GRIGORESCU, 2022. "The trend of the economic evolution in Romania in the context of crises," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(633), W), pages 239-252, Winter.
  • Handle: RePEc:agr:journl:v:4(633):y:2022:i:4(633):p:239-252
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    References listed on IDEAS

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    1. Pierpaolo Benigno & Paolo Canofari & Giovanni Di Bartolomeo & Marcello Messori, 2021. "Financial Dominance in the Pandemic and Post-Pandemic European Economy," Working Papers in Public Economics 206, University of Rome La Sapienza, Department of Economics and Law.
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