THE FANANCIAL CRISIS IN 2008
Ronald·Rebore
The United States as the world's largest economies, the world's locomotive of economic development. However, in 2007 less than satisfactory performance of the U.S. economy, sub-loan crisis broke out, more difficult. To reduce the rate of economic growth, rising inflation, the rise in unemployment, all show the U.S. economy has been growing from the stagnation of the past. Former Federal Reserve Chairman Alan Greenspan said "stagflation in the U.S. economy has not yet, but already there are early signs appear."
Second loan crisis in the U.S. economy is slowing down the fuse, and its follow-up impact of the deteriorating and gradually spread to the world economy. In 2007 the world economy for the fourth consecutive year of rapid growth, there have been signs of adjustment. At the same time, the United States, and the vast number of developing countries in the euro zone's CPI growth rate has exceeded the central bank set the goal of control. Slowdown in economic growth and inflation pressures at the same time, threatening the world economy, global economic stagnation has been Jianxingjianjin.
