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Poland Facing The Challenges Of The Covid-19 Pandemic. Lessons For Romania

Author

Listed:
  • Alina Ligia Dumitrescu
  • Iulia Monica Oehler-Şincai

Abstract

This paper analyses the impact of the Covid-19 pandemic upon the Polish economy and the measures adopted at national level to contain the recession. It focuses on the consequences of restricting the economic activities for the labour market (from the perspective of unemployment) and companies (in terms of profitability). From investigating the measures taken by Poland to counteract the adverse economic effects of the pandemic, a series of good practice examples may be derived, that could be applied in Romania, too. According to the authors, Poland has a sustainable economy as well as significant resources to overcome the economic crisis caused by the pandemic. Moreover, the complexity of the measures already introduced provides essential financial instruments needed to face the crisis-related challenges and turn them into new opportunities for reform, development and modernisation.

Suggested Citation

  • Alina Ligia Dumitrescu & Iulia Monica Oehler-Şincai, 2020. "Poland Facing The Challenges Of The Covid-19 Pandemic. Lessons For Romania," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 12(1), pages 26-39.
  • Handle: RePEc:iem:journl:v:12:y:2020:i:1:p:26-39
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    File URL: http://iem.ro/rem/index.php/REM/article/view/749/832
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    More about this item

    Keywords

    Covid-19; Poland; Romania; Central and Eastern Europe; economic impact; anti-crisis measures;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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