Crisis?! What Crisis?
Considering all the measures taken by central banks of the leading countries to overcome the global financial crisis of 2007–2009, one might have expected that economies would grow at a higher pace. However, their growth remains rather unstable. This puts the question of how modern economy retains the capability to adequately respond to applied measures of impact.
References:
- White W. OECD Sees More Dangers in Economy Than in 2007. Bloomberg, 2017, September 12, available at: https://www.bloomberg.com/news/videos/2017-09-12/oecd-sees-more-dangers-in-economy-than-in-2007-video.
- Global Economic Prospects. Darkening Skies. World Bank, 2018, available at: http://documents.worldbank.org/curated/en/307751546982400534/Global-Economic-Prospects-Darkening-Skies.
- Trade and Development Report 2018. Power, platforms and the free trade delusion. United Nation: NY and Geneva, 2018, available at: https://unctad.org/en/PublicationsLibrary/tdr2018_en.pdf.
- Lagarde C. Steer, Don’t Drift: Managing Rising Risks to Keep the Global Economy on Course. International Monetary Fund, 2018, available at: https://www.imf.org/en/News/Articles/2018/09/27/sp100118-steer-dont-drift.