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Key Global Economic Trends of the Current Decade

Author

Listed:
  • Andrey Nikolaevich Spartak

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Yulia Borisovna Kravchenko

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The article considers key global economic trends of the current decade. It was found that transformations in the global economy and trade reshaping the existing global economic landscape, its configuration and relations between participants, have accelerated. Structural changes in the functioning of the global economy are highlighted. It is revealed that the economic crises provoked by the COVID-19 pandemic has increased the importance of the uncertainty factor that impacts domestic and global economic growth. It is concluded that uncertainties and risks for global growth are becoming the main factors in decision-making of national governments and institutions of global governance.

Suggested Citation

  • Andrey Nikolaevich Spartak & Yulia Borisovna Kravchenko, 2021. "Key Global Economic Trends of the Current Decade," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 7-26, December.
    • Handle: RePEc:alq:rufejo:rfej_2021_12_7-26
    DOI: 10.24412/2072-8042-2021-12-7-26
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