Our research focuses on the analysis of the effects of the crises of the last 20 years
on the development of the standard of living in Romania and Hungary. In the research,
we focus primarily on the economic crisis of 2008 and the economic and social shock
caused by the COVID-19 pandemic. The study includes an overview of the economic and
social situation of Romania and Hungary, the presentation of the concept of crisis,
and the indicators that describe the standard of living (GDP per capita, the Gini
coefficient, indicators of poverty and social exclusion and indicators that describe
the development of the labor market). In our analysis, we examine and compare the
evolution of indicators measuring the standard of living in Romania and Hungary during
the crises.
