World Financial Crisis

Modern economic crisis: the whole truth

The word crisis in 2008-2010, sound, perhaps, more every other word. The global financial crisis has affected or even affect almost all countries, except for the poorest countries that already are in constant financial and economic crisis.
Now more than ever it is important to have relevant information about the current economic crisis. Need to understand what useful can be learned from this situation, when and what action should be taken to properly and timely respond to those or other changes in work, politics, economics, society ... We tried to collect the most recent, important and comprehensive information about modern economic crisis and give it to you "as is", ie without embellishment, without agitation for one or another point of view, the most simple and accessible form.

What is a global financial crisis?

The global financial crisis is manifested in the growth of house prices and food prices, a reduction of jobs in both commercial and government organizations, in the absence of stability and loss of faith in the future. And the causes of the changes are different in different countries.

As the Great Depression beginning of the twentieth century, the global economic crisis that began in 2008 caused a process that can completely change the global economic system. The new system is expected to increase the role of the state. Perhaps as a result of the financial crisis in the world will be a new world currency, replacing the U.S. dollar.

How to predict the global economic crisis?

Predict the development of the global economic crisis in 2010 is not easy. Many experts give a radically different assessment of this or that situation, trends related to the global crisis. Some say that the global crisis in 2010 and will be completed during the recession, others argue that the financial crisis in 2010 is just beginning to gain momentum. Yet one thing is clear - the world crisis now going on. And it will last, according to most experts, a few years. We probably have not yet reached the bottom, behind which will lift the economy. And a lot depends on how consistently able to operate the leaders of major industrialized countries in difficult global financial crisis.

Original post "Мировой финансово-экономический кризис"