The effects of economic crisis in Romania
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2024-03-28 12:02
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PINTILIE, Niculiţa. The effects of economic crisis in Romania. In: Analele Universităţii Libere Internaţionale din Moldova (Seria Economie), 2009, nr. 9, pp. 290-295. ISSN 1857-1468.
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Analele Universităţii Libere Internaţionale din Moldova (Seria Economie)
Numărul 9 / 2009 / ISSN 1857-1468

The effects of economic crisis in Romania

Pag. 290-295

Pintilie Niculiţa
 
Free International University of Moldova
 
Proiecte:
 
Disponibil în IBN: 21 decembrie 2016


Rezumat

After a 7.1 percente economical increase in 2008, Romania was concerned with the trust in 2009 and less expected that the current financial crisis that began in the U.S. and Europe already spread to produce severe consequences on the Romanian economy. The result was a return of 180 degrees in the economic situation, which demonstrated that the development model that followed until then, one based on consumption was unsustainable. Considerable drop in the volume of goods exports and tightening credit conditions have led more companies to restrict their activity leading to an accelerated increase of unemployment of around 60 percente, among the highest in the European Union.

Cuvinte-cheie
financial meltdown, world crisis, economic decline, credit crisis,

recession, real estate market, unemployment, inflation