Avakyan Kristina Lakotka Carolina Chukaeva Ira Teacher of Economics Rafalskaya Irina

The world “crisis” in was pronounced more often than any other word. The global financial crisis has affected every country in the world, especially the poorest countries. Its important now to have precise information on the current economic issues. We need to understand how this situation can influence us and what actions we can undertake to help our societies and how to respond to the changes connected with inflation, national debt and, GDP and unemployment.

The global financial crisis is manifested in the growth of real estate prices and food prices, the job losses in both commercial and government organizations, the lack of stability and faith loss in the future. And the reason of the changes are different in all the countries. As the Great Depression of the early twentieth century, the global economic crisis that began in 2008, can completely change the global financial and 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 a new global currency could appear to replace the U.S. dollar. China would like to arrange its currency to be more competitive and finally become the world reserve currency.

Unemployment rate in Europe

Inflation Rate in European countries

National Debt of some European countries

GDP in EURO ZONE

Its hard to predict what it could happen with the global economy now. Many experts have absolutely opposite opinions on some trends of the situation related to the global crisis. Some of them say that the global crisis in and will be completed soon, others insist it will continue till Anyway one thing is clear - the global crisis reached its peak today. And it will continue, according to most experts, a few more years. We probably have not yet reached the bottom, because we can see the economic recovery in some countries. And a lot depends on the actions and economic, politic and financial measures European, American and Asian leaders would undertake.