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Some Aspects Regarding The Impact Of Covid-19 At The Macroeconomic Level And At The Level Of Multinational Companies

Author

Listed:
  • MILEA, Camelia

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The world economy is affected by the spread of Covid-19 and by the measures taken to prevent the spread of the disease. The effects will be felt in terms of prices, supply and demand, living standards, international trade, labor market, the budget and external deficit, transport, supply chains, tourism, etc. The analysis shows that companies will simultaneously face challenges due to supply and demand disruptions, but also of a different nature. Covid-19 brought about the readjustment of the companies' business models. Thus, the restrictions imposed have increased the importance of online commerce. Covid-19 could drag along the construction of quasiindependent regional production chains, leading to a shortening of supply chains, favoring the strategic use of stocks and a new approach to risks.

Suggested Citation

  • MILEA, Camelia, 2020. "Some Aspects Regarding The Impact Of Covid-19 At The Macroeconomic Level And At The Level Of Multinational Companies," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 8(1), pages 119-124, October.
    • Handle: RePEc:vls:rojfme:v:8:y:2020:i:1:p:119-124
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    More about this item

    Keywords

    forecasts; changes; effects; companies; supply chains;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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