2009Journal of Global EconomicsRequires access

World Economy Close to Leaving Recession

Cornel Albu

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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.

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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.

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Available 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.

Key concepts: Recession, World economy, Financial crisis, Economics, Global recession, Economic recovery, Investment (military), Foreign direct investment

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