The financial cataclysm of 2008 shook the world, many countries found themselves in a very difficult economic situation. By 2011, the situation began to gradually improve, but many experts say that a second wave of the crisis may come in 2012-2013.
Instructions
Step 1
The troubles of 2008 began with the collapse of the mortgage market in the United States, when millions of borrowers were unable to repay previously taken loans. But this event only launched the development of the process, the prerequisites for which have been accumulating for decades. The failure of governments to stimulate the economies of their countries led to a reduction in investment from business, a decline in production and, as a result, a sharp deterioration in the economic situation.
Step 2
Emergency measures taken by the leading countries were able to save the situation. The trillions of dollars poured into the economy supported the banking sector and re-launched the mechanisms of lending to the industry. But spending huge funds did not pass without leaving a trace, many countries faced budget deficits, which, in turn, led to a decrease in a number of important items of expenditure. The consequences of the crisis have most acutely affected Greece, for which the very stay in the euro zone is in question.
Step 3
Many analysts agree that another wave of the crisis is possible in 2012-2013. This is evidenced by the current indicators of the world economy. In particular, its growth slowed down significantly, having the worst indicators since 2009. There is no doubt that the main condition for the stabilization and growth of the world economy is the situation in the United States. If the first signs of a recovery in this country appear, then the financial climate in Europe will begin to improve.
Step 4
To keep abreast of the economic situation, it is necessary to carefully analyze the situation on the markets, to listen to the conclusions of leading American and European experts. This, in turn, requires financial literacy, the ability to understand the influence of some factors on others. Read financial reviews, find out how the reports from the US labor market, the FRS rate, the dynamics of economic growth affect the world economy.
Step 5
Pay attention to the US stock market - if the value of shares of hundreds of leading companies in the country declines, this indicates a disappointing situation. Take a look at the foreign exchange market - in particular, track the dynamics of the euro against the US dollar. The aggregate analysis of all indicators will help you know in time about the impending crisis.
