The Great Recession happened in the world economy less than ten years ago.
It was the most widespread and deepest downturn the world has experienced ever since the 1920-1930’s Great Depression.
Since 2008, when the stock market crashed the recovery process has been very slow and long. It experienced multiple challenging obstacles along the way.
However, there is still a successful improvement in the economy.
Over the past five years, the S&P 500 index gained more than 92%. It was during the second half of 2015 when the market saw a rapid turn for the worse.
This year, the S&P 500 index is currently 9% down since the beginning of 2016.
Unemployment rates in the United States have decreased dramatically. During the Great Recession, it was nearly at 10% but today it’s at only 4.9%.
Today, let’s take a look into some details.
STOCK MARKET CRASH IN EUROPE
STOCK MARKET CRASH IN EUROPEThe Great Recession in Europe was followed by the sovereign debt crisis. It is a persistent issue since Europe plays an important role in the world economy.
Extraordinary measures to implement quantitative ease with regards to the Eurozone is being made by the European Central Bank.
The PIIGS nations which includes countries such as Spain, Portugal, Italy, Greece and Ireland have been repeatedly bailed out by the IMF and European Union.
The collapse of the euro currency will cause a widespread disadvantage in the entire world economy.
Recession is very likely to happen.
CHINESE ECONOMY
Over the past few decades, the Chinese …