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World Economy Close to Leaving Recession

Author

Listed:
  • Cornel Albu

Abstract

In 2009, the world economy crossed the strongest postwar economic crisis, affecting all the economic and social areas. The process of recovery after the global recession started at the end of 2009, but the level of investment and production will be slow in 2010. In 2009, the international trade and FDI flows showed significant decreases as a result of the global financial and economic crisis. Serious consequences of the current economic crisis occurred and affected the employment situation in most countries of the world.

Suggested Citation

  • Cornel Albu, 2009. "World Economy Close to Leaving Recession," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 1(4), December.
    • Handle: RePEc:iem:journl:v:1:y:2009:i:4:id:2822000008754031
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    File URL: http://iem.ro/rem/index.php/REM/article/view/27/15
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    More about this item

    Keywords

    trade protectionism; global demand; economic stimulus programs; disinflation;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • J29 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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