Theoretical and Applied Economics
No. 3 / 2014 (592)
Evolutions and prospects in Romania’s economy
Bucharest University of Economic Studies, Romania
Miron DUMITRESCU
National Institute of Economic Research, Romanian Academy, Bucharest, Romania
Andrei Mihai CRISTEA
Hyperion University, Bucharest, Romania
Oana Camelia IACOB
Valahia University, Târgovişte, Romania
Abstract. As an EU member, Romania is firmly anchored in the global economy, making it sensitive to its developments, but also to its regression. The current period is still quite cloudy; Romania is still subject to major risks. As a result of deepening economic and financial crisis macroeconomic indicators have not had the sustained positive development. Romania’s GDP in 2009 declined from 7.3% to -7.1%, in 2010 the decrease was about 1.2%, as in 2011 and 2012 to record slightly positive developments of 2.5% and 0.3%. For 2013 it is expected an increase of 2% for Romania's GDP, while global economic growth is still quite slow. Since 2010 inflation rate is decreasing, going from 6.09% to 3.33% in 2012 and by the end of 2013 it should be around 3.4% according to the Economist Intelligence Unit. In 2010 the unemployment rate in Romania was at 7.3% reaching to 7% in 2012. We will try in this article to make a brief analysis of the current situation of Romania, but also to see what its prospects for development are.
Keywords: growth, inflation, unemployment, external debt, balance of payments.
Contents
- Assessment modalities of the Master Plan
for the Romanian tourism development 2007-2026
Aurelia-Felicia STĂNCIOIU
Andreea BOTOŞ
Nicolae TEODORESCU
Anamaria-Cătălina RADU
Ion PÂRGARU
- Frameworks for a sustainable development
indicators system
Camelia-Daniela HAŢEGAN
Clementina IVAN-UNGUREANU
- Sustainability of public co-financing of investment projects with EU financial assistance in Romania
Anca DACHIN
Monica Gabriela GHERMAN
- Time series analysis in loan management
information systems
Julian VASILEV
- The impact of the image of the organization
in terms of the online communication paradigm
Diana Andreia HRISTACHE
Claudia Elena PAICU
Nilgün ISMAIL
- Why liquidity interventions are they optimal in the case
of Morocco for financial stability?
Abouch MOHAMED
Firano ZAKARIA
Abouch Mohamed AMINE
- Global European economic model
Cristina BURGHELEA
Anda GHEORGHIU
Cristiana TINDECHE
Anca GHEORGHIU
- Evolutions and prospects in Romania’s economy
Mihaela Daniela NICULESCU
Miron DUMITRESCU
Andrei Mihai CRISTEA
Oana Camelia IACOB
- Choosing the career path –
An unemployment enhancer factor
Ortansa FLOREA (MOISE)