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World Economic Crisis: Present and Future

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  • Turcas Mioara

    ()
    (The Bucharest Academy of Economic Studies)

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    Abstract

    The effects of the financial crisis that began in 2007 are still being felt in the global economy. Despite the fact that its low point was apparently reached, the economic recovery will last long, with an economic growth below potential and a gradual decrease of unemployment over several years. Developed countries with major economies emerged from recession in the second half of 2009, but economic performance is uncertain. In 2012, the world will enter a new phase of recession. Will the great powers find the solution to get out of the crisis?

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    Bibliographic Info

    Article provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.

    Volume (Year): XI (2011)
    Issue (Month): 2 (May)
    Pages: 1301-1303

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    Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:1301-1303

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    Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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    Keywords: global crisis; global economy; bankruptcy; developing countries; recession;

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