The financial and economic crisis, which took place in the period 2008-2011, did irreparable harm to the global economy. Starting as a crisis of mortgage lending to the United States, he fell upon the world public, which at that time trusted statements by the federal reserve system, in particular its chapter at that time Ben Barnanke, that the recession period would not occur.
But the problem with mortgage lending resulted in a stunning size of the crisis of the entire world economy, the beginning of the second wave of which experts predict for the period 2013 – 2014.
The answer to the question of what was happening with the American economy at that time, it may allow you to find out what to beware with the advent of a new wave.
The recession, in essence, is also considered one of the cycles of the development of one or another economies, when there is a decline in production in all spheres of the production sphere as well as a reduction in the rate of development of the economy. It follows that nothing would have happened to the global economy, since only the United States was originally injured. But being the largest trading partner in the world market, the US recession served as an immediate decline in economies of other countries.
But along with a decrease in the growth rate of the economy, first of all, an increase in the number of unemployed comes (the historical maximum indicator for the United States is in 2010, for example, in Nevada, California and Florida, the unemployment rate for 2010 was at the marks of 14.5, 12, 12, 5, 12 %, respectively), a decrease in wages for workers who remained in the field, as well as a decrease in the standard of living of the population.
Now these manifestations of the crisis remain in many countries of the European Union and the countries of the former USSR (although the countries of the Union of Independent States have last affected the crisis).
The Greece economy, as an example of the most affected country from the crisis (among the main reasons for which is the wrong choice of state policy, which was aimed at combating this phenomenon), now, after several large trenches, the EU is normal. Spain and Italy are now experiencing the same problems as the United States in 2009, but only in the United States they managed to prevent such a situation by increasing their own credit line, which these countries cannot do, which can ultimately lead to an ad to default.
Therefore, the prevention or partial regulation of the new wave of the crisis should ensure a more stable situation in the global economy, and in particular in the United States of America, so as not to bring the world’s world not yet stabilized to the end of an even deeper crisis.
