From Tokyo to Wall Street: Stock market turbulence with butterfly effect?
On Monday, August 5th, global financial markets were deeply shaken, in a day nearly as “black” as the one in 1987 in terms of stock market declines: the NASDAQ 100 index lost 6.45%, and the S&P 500 fell by 12.4%. On the same day, the VIX index, also known as Wall Street’s “fear index,” rose to 41.8%, reflecting volatility and anxiety in
Energy transition: between green objectives and economic competitiveness
Hosting the Fifth Ministerial of the Partnership for Transatlantic Energy and Climate Cooperation this year, Romania brings together relevant actors – business communities and policy decision-makers. In this context, we are convinced that the most important two concepts of the current challenging times, security – on the one hand,
Preparing for OECD – Responsible Reforms and Policies
Joining the OECD and embracing its values, especially in the current context, will allow Romania to achieve a better alignment with the OECD motto: “better policies, better lives”/ The preparation for accession is not an easy task, but Romania will benefit from the advantage of international expertise, which must be accompanied by
Macroeconomic risks and challenges – prospects for 2023
Stability and predictability of global economy continue to face multiple challenges, amplified by record inflation, as well as by the economic and security implications of the war in Ukraine. We are probably going through the period with the highest density of crises in the last century, which will leave their mark, profoundly, on the developments
The Macroeconomic Dashboard: From Financial to Corona Crisis
Worldwide, economies periodically face cyclical evolutions, economic crises, shocks generated by exogenous factors of the economic system, as is happening right now amid the health crisis caused by the COVID-19 pandemic. The common ground of these developments is the need for policies able to support the economy and to
Public finances and the economy: how are we going through corona crisis?
The economic crisis caused by the coronavirus pandemic has significantly affected the stance of global public finances, following years of solid economic growth, when public budgets have been generally placed on a consolidation path. At the end of 2019, 17 Member States of the European Union recorded budget surpluses. The
