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The second wave of European debt crisis will begin this year

Published: Wed, 04/25/2012 - 09:54
By: admin

Saving Greece from default and the ECB selection 1 trillion euros to support the financial system in Europe has allowed the economies of European countries to get a respite from the debt crisis. These measures have not solved the problems of the European economy, but only delayed its worsening. The high level of public debt of the periphery of the eurozone and the slow pace of economic growth in key EU countries will cause a second wave of the crisis, which will begin this year.


The economic situation in Italy and Spain - that's the main problem of the EU. The unemployment rate in Spain over 20% mark. The fall of the local real estate market has reached 30-40% of 2008 levels, and in some regions of the country exceeded 50%. The Italian Government can not achieve the resumption of economic growth, despite the unpopular austerity measures and reforms.


The second wave of European debt crisis will cause the fall of economic growth in developing countries. Turkey, China, India, Eastern Europe and Southeast Asia will suffer as a result of reducing the supply of goods to European markets. Economic growth in Turkey, one of the most promising emerging economies will slow down a few times this year.


Energy-exporting countries are the only geo-economic players who are immune from the deteriorating situation in the European economy. Even the drop in energy prices from current record levels will not cause the fall of the GDP of Middle Eastern countries and Russia.


State of the world's largest economy is encouraging to investors. The growth rate of U.S. GDP in the IV quarter of 2011 amounted to 3%. Experts predict a rise of 2.5% in I quarter of 2012. Reducing unemployment and the beginning of recovery of real estate market are proof of the resumption of sustainable economic growth in the country. Presidential campaign in this country in full swing, so the authorities will endeavor to keep the economic gains.


Most experts believe that the European debt crisis will be completed in early 2013. Euro area economy will resume growth. Developing countries will be able to once again deliver the goods to European markets, which will ensure a return to the usual growth of the economy.