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The Ripple Effect of COVID-19 in Romania’s Economic Environment

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  • Cristiana Ioana Șerbănel

Abstract

The COVID-19 pandemic impact on the global economy is unforeseen before. The virus' rapid spread has affected the worldwide financial, especially disrupting the sectors of health, tourism, and services. This paper's objective is to comprise an understanding on how the pandemic affects Romania. Based on a qualitative research, the present article includes the impact of COVID-19 in terms of trade, Gross Domestic Product (GDP) growth, and policy measures adopted up to the moment of writing. The study also addresses several recommendations to be further implemented to propel Romania on the world competitiveness map.

Suggested Citation

  • Cristiana Ioana Șerbănel, 2020. "The Ripple Effect of COVID-19 in Romania’s Economic Environment," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 510-517, August.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:510-517
    as

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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/2020/Section%203/42.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2020. "Global Economic Prospects, January 2020," World Bank Publications - Books, The World Bank Group, number 33044.
    2. World Bank, 2020. "Markets and People," World Bank Publications - Books, The World Bank Group, number 33236.
    3. World Bank, 2020. "Global Economic Prospects, June 2020," World Bank Publications - Books, The World Bank Group, number 33748.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    COVID-19; Romania; macroeconomic figures;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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