The current crises are negatively affecting the business and macroeconomic stability

The authors of this article aim to highlight how current crises (health, economic and financial, energy, food, etc.) have an effect on domestic and, especially, international affairs. At the same time, the aim is to identify and specify how the crises we are facing are jeopardizing macroeconomic sta...

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Bibliographic Details
Main Authors: Anghelache Constantin, Anghel Mădălina-Gabriela, Iacob Ștefan Virgil, Răduț Marius-Cristian, Radu Iulian
Format: Article
Language:English
Published: EDP Sciences 2022-01-01
Series:MATEC Web of Conferences
Online Access:https://www.matec-conferences.org/articles/matecconf/pdf/2022/20/matecconf_simpro2022_00072.pdf
Description
Summary:The authors of this article aim to highlight how current crises (health, economic and financial, energy, food, etc.) have an effect on domestic and, especially, international affairs. At the same time, the aim is to identify and specify how the crises we are facing are jeopardizing macroeconomic stability. A number of study authors on the trend of the world economy have already stated that the world economy is practically in recession. This conclusion was reached based on the fact that, in addition to the crises affecting the world situation, the effect of the pandemic Corona virus, and the Russian-Ukrainian war (Russian-Ukrainian armed conflict) which is xpected to be long-lasting. The prospect of a Russian-Ukrainian armed conflict leads to the conclusion that, at the European Union and individual level, each and every state will face difficulties with negative effects on maintaining macro-stability and the development of domestic and international affairs at a convenient pace. In order to determine these aspects, we set out to use the widest possible methodology of international comparisons, the use of statistical indicators calculated and obtained from the European Union, Eurostat, the National Institute of Statistics and the application of statistical-econometric methods / models to obtain the parameters that will form the basis of the future comparison and, especially, of establishing the evolutionary trend of the world, European economy and, especially in this case, of Romania.
ISSN:2261-236X