Romanian rebound after the crisis and the re-launch of the banking credit

Year 2019, Volume: 1 Issue: 1, 28 - 32, 31.07.2019

Magdalena Radulescu , Dita Sandra

Abstract

During the 2007 crisis, Romania faced
many economic challenges: a rise
of inflation, large exchange rate fluctuations, drop of the banking credits, a
high share of non-performing loans, drop of the banking profitability ratios.
Starting with 2014, the Romanian economy has rebounded. The banking system
relaunched its increasing trend of
banking loans, mainly for consumption, the wages increased and the economic
growth reached the highest level in the European Union (EU) area. The public
debt and current account deficit largely increased, public deficit is higher
than 3%, the inflation re-surged at high levels and the economic growth
is mainly based on consumption which couldn’t be sustainable in the long-run.

(Retrieved Video Article from:  https://www.youtube.com/watch?v=Gm7Ebehww0c)

Keywords

economic crisis, banking credit, macroeconomic environment, Romania

Romanian rebound after the crisis and the re-launch of the banking credit

Abstract

During the 2007 crisis, Romania faced many economic challenges: a rise of inflation, large exchange rate fluctuations, drop of the banking credits, a high share of non-performing loans, drop of the banking profitability ratios. Starting with 2014, the Romanian economy has rebounded. The banking system relaunched its increasing trend of banking loans, mainly for consumption, the wages increased and the economic growth reached the highest level in the European Union (EU) area. The public debt and current account deficit largely increased, public deficit is higher than 3%, the inflation re-surged at high levels and the economic growth is mainly based on consumption which couldn’t be sustainable in the long-run.

(Retrieved Video Article from:  https://www.youtube.com/watch?v=Gm7Ebehww0c)

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