Theoretical and Applied Economics
No. 1 / 2022 (630), Spring
Romania's economy on the threshold of recession
Bucharest University of Economic Studies, Romania
Mădălina-Gabriela ANGHEL
Artifex University of Bucharest, Romania
Ștefan Virgil IACOB
Artifex University of Bucharest, Romania
Abstract. The evolution of the Romanian economy in the current situation is particularly difficult. The effects of the health and financial-economic crisis are reflected in the normal activity in the national economic branches. The measures taken by the authorities to control and control the effects of infection of the population have, in turn, some negative effects on the concrete results that are achieved in the economy. Thus, tourism and HoReCa have been virtually inactivated, which has an immediate effect on economic growth. In industry, construction and other branches of the national economy, some restrictions have also been imposed which have had the effect of reducing the production of goods and services. All together it creates a difficulty in maintaining macrostability. Romania's national economy has declined in the last quarter. If this decrease is maintained in the first quarter of 2022, according to the economic criteria for assessing the economic cycle, it turns out that the country is entering a recession. March inflation is already forecast to reach 10%. In these conditions, in this article we set out to analyse the evolution of the Gross Domestic Product, with the main objective of highlighting the fact that in the current price crisis, the international crisis (Ukraine-Russia armed conflict) and the effects of the crisis economic and financial issues may cause the countries, but we are referring to Romania, to continue to decrease in the next quarter. In this article we used the data published by the National Institute of Statistics, Eurostat, we applied some data processing using statistical-econometric methods, we performed comparability studies in time and space, precisely in order to accurately highlight the economic situation and the trend of the evolution of the economy in the next period. A series of graphs, a series of data and tables were used that convincingly highlight the evolution of the Gross Domestic Product, i.e. the evolution of economic growth.
Contents
Economic resilience in Central and Eastern European countries
Romania's economy on the threshold of recession
Testing the Marshall-Lerner condition for Romania
Empirical evidence to the nonmonotonic relationship between public health expenditure and economic growth
Institutional quality and public healthcare
Consequences of the Covid-19 epidemic on hygiene purchase behavior
Banking management in the prism liquidity – profitability interrelation
Long-term price and income elasticity of residential natural gas demand in Turkey
The impact of foreign direct investment on the economy of Bangladesh: A time-series analysis
Does gravity work in the context of India and ASEAN bilateral trade? An application of the FGLS method
The dynamics of India – ASEAN trade with special reference to manufactured exports and their technological composition
How does Israel share Palestinians their international aid
Attention economy and higher-order beliefs in voters’ online attention searches
Volatility and asymmetric analysis of Indian indices during Covid-19 pandemic period