THE ECONOMIC IMPACT OF THE COVID-19 PANDEMIC IN EU COUNTRIES OUTSIDE THE EUROZONE
Autor (i): Iulian Nicolae, Vasiloiu1
JEL: Convergence criteria, GDP per capita, Euro area, Romania
Cuvinte cheie: Convergence criteria, GDP per capita, Euro area, Romania
Abstract:
The Covid-19 pandemic has had an impact on the economic and health systems of all EU member states, leading to economic recession and stopping the expansion of the Eurozone. It is for this reason that many of the EU member states outside the Eurozone have set Euro adoption dates far into the future, while some have not set a date at all. Thus, early 2021, the European Parliament has approved the Recovery and Resilience Facility, which entails grants and loans to be granted to EU member states, to support them in limiting the negative effects of the Covid-19 pandemic. This paper presents the economic situation of the EU member states outside the Eurozone, during the pandemic crisis of 2020. It analyzes the economic indicators of the nominal convergence criteria, the evolution of GDP per capita, as well as the EU measures meant to stop this crisis
The Covid-19 pandemic has had an impact on the economic and health systems of all EU member states, leading to economic recession and stopping the expansion of the Eurozone. It is for this reason that many of the EU member states outside the Eurozone have set Euro adoption dates far into the future, while some have not set a date at all. Thus, early 2021, the European Parliament has approved the Recovery and Resilience Facility, which entails grants and loans to be granted to EU member states, to support them in limiting the negative effects of the Covid-19 pandemic. This paper presents the economic situation of the EU member states outside the Eurozone, during the pandemic crisis of 2020. It analyzes the economic indicators of the nominal convergence criteria, the evolution of GDP per capita, as well as the EU measures meant to stop this crisis
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