The Global Economic Crisis of 2007-2008

Question\nFirst of either what is world stinting crisis of 2008?\n\n receipt\nThe world scotch crisis of 2008 was a crisis that appeared in 2008 in the office of worsening of the of import economic indicators in the countries of the world. Its immediate forerunner was the owe crisis in the get together States, the first signs of which appeared in 2006 in the form of reduction in the number of house sales, so there was a game owe defaults by mortgage buyers, in early 2007 became a subprime mortgage crisis. S down in the mouthly the mortgage crisis started transforming into a financial crisis and started change not only the f all in all in States.\nThe point of reference crisis became global and cover many countries including the UK, Germany, France, Australia, India, Russia and other commercialiseplaces. By early 2008, the crisis became global and bit by bit began to emerge in the broad(a) decreases in production volumes, diminish demand for raw materials, move of commodity prices and rising unemployment. In this paper the reasons and the results of such economic collapse will be shown, explained and in addition will be study. Firstly, it will be explained how the economic crisis does affects the world economy, how this crisis became global and the factors of look of global economic crisis also will be discussed, subsequently it the reasons of this crisis will be analyzed and what measures countries have been applying to deal with this crisis.\nThe world(prenominal) economic crisis it is crisis which covered all the countries of the world, it can be separate in three main stages. Firstly, the factors of appearing of the global economic crisis are overheating of the credit market and which was the result of the mortgage crisis, overheating of the commodity market and failure of the stock market what resulted to the bankruptcy of mortgage companies, banks and table funds, lowering of the living standards loosely in middle section popul ation and people with low incomes, mass job cuts and higher(prenominal) rising prices...