The recent years have not been easy at all, but have brought with them a series of serious economic and social problems, which are now dragging down the standard of living not only in Romania, but also at the European level, in general.
People are getting poorer, according to a recent Wall Street Journal analysis. Unfortunately, our resilience seems to have given way in the face of the multiple crises we have had to face over the past three years. There was a pandemic, then came the inflation crisis, the bank interest crisis, the war in Ukraine and poor prospects for economic recovery, at least in the near future.
Poverty, at alarming levels. We are drowning in economic problems
Under these conditions, the gulf between the very rich and the very needy people, who practically live from one month to the next or even from one day to the next in more and more cases, is deepening.
In the face of the cost of living crisis, people are increasingly helpless. Wages and pensions have become insufficient to cover the costs of a decent standard of living in many European countries.
In order to get an idea of how serious the economic situation is here on the continent, journalists compare us with the situation in the United States of America.
Thus, it is noted in the respective analysis, the economy of the euro zone has grown by approximately 6% in the last 15 years, measured in dollars, compared to 82% for the USA. Therefore, the average of EU countries is poorer per capita than every US state except Idaho and Mississippi.
If we continue to evolve on the same trend and at the same pace as before, experts estimate that by 2035, the difference between the economic output per capita in the US and the EU will be as large as that between Japan and Ecuador at present.