MEASURES TAKEN BY STATES IN THE CONTEXT OF THE COVID PANDEMIC AND THEIR EFFECT ON ECONOMIES

Abstract

In the context of the evolution of the epidemiological situation in Romania, like other countries, determined by the spread of COVID-19 and the massive increase in the number of people infected with SARS-CoV-2 coronavirus, starting with March 16, 2020, the state of emergency was established by presidential decree. subsequently extended. The law on establishing the state of alert on the territory of Romania for 30 days was adopted on May 15, 2020 and even at the beginning of 2021 this state of alert is maintained. By spring 2020, more than half of the world’s population had experienced a lockdown with strong containment measures. Measures taken by states to reduce the effects of the health crisis have been severe, the most important being stopping non-essential activities, restricting travel and banning travel to and from certain countries and causing shocks in production and distribution chains, but also a sharp contraction in demand for a wide range of goods and services. Beyond the health and human tragedy of the coronavirus, it is now widely recognized that the pandemic triggered the most serious economic crisis since World War II. Many economies will not recover their 2019 output levels until 2022 at the earliest*** This paper highlights the strong territorial dimension of the COVID-19 crisis. National government was at the frontline of the crisis management and recovery plan. It reacted quickly, applying a place-based approach to policy responses, and implementing national measures for in response to the COVID-19 crisis. Also, this paper provides examples on policy responses to help mitigate the impact of the crisis on our country.

Keywords

• covid-19 pandemic
• economic crisis
• economic growth
• evolution of gdp
• fiscal impact