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.
Keywords: GDP, unemployment, inflation, crises, developments, macroeconomic indicators, variables, patterns, perspectives.
Contents
- Economic resilience
in Central and Eastern European countries
Elena-Mădălina ZAMFIR (AVRAM)
Georgiana BALABAN
Cosmin MARINESCU
- Romania's economy on the threshold of recession
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Ștefan Virgil IACOB
- Testing the Marshall-Lerner condition for Romania
Ecaterina TOMOIAGA
Monica Ioana POP SILAGHI
- Empirical evidence to the nonmonotonic relationship
between public health expenditure and economic growth
Swapnanil SENGUPTA
- Institutional quality and public healthcare
Kashish TIBREWAL
Saswati CHAUDHURI
- Consequences of the Covid-19 epidemic
on hygiene purchase behavior
Elena Rusalca VELICU
Ovidiu Andrei Cristian BUZOIANU
Carol Cristina GOMBOS
Ana Maria BOLAHAN
- Banking management
in the prism liquidity – profitability interrelation
Valentin PAUNA
Amelia DIACONU
Svetlana PLATAGEA GOMBOS
Raluca Iuliana GEORGESCU
- The impact of foreign direct investment on the economy
of Bangladesh: A time-series analysis
Mohammad Abdullah Al FAISAL
Mohammed Saiful ISLAM
- Does gravity work in the context of India
and ASEAN bilateral trade?
An application of the FGLS method
Saba GULNAZ
Hemlata MANGLANI
- The dynamics of India – ASEAN trade
with special reference to manufactured exports
and their technological composition
Nikhat KHALID
Saba ISMAIL
- How does Israel share Palestinians
their international aid
Mahmoud M. SABRA
- Attention economy and higher-order beliefs
in voters’ online attention searches
Paritosh Chandra SINHA
- Volatility and asymmetric analysis
of Indian indices during Covid-19 pandemic period
S. Shameem BANU
N.S. SHIBU