A retrospective look at global recessions and modern trends in the world economic growth
The aim of the study is to analyze the dynamics of global recessions and world economic growth trends in recent decades in order to identify their main determinants and specifics in the context of the world economy dynamics. The article provides a systematization and classification of the global eco...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2023-09-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/4619 |
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| author | E. N. Smirnov |
| author_facet | E. N. Smirnov |
| author_sort | E. N. Smirnov |
| collection | DOAJ |
| description | The aim of the study is to analyze the dynamics of global recessions and world economic growth trends in recent decades in order to identify their main determinants and specifics in the context of the world economy dynamics. The article provides a systematization and classification of the global economic growth stages in retrospect, as well as a comparison of current trends in the development of the world economy with previous global crises. It has been established that the current conditions for the crises’ overcoming are significantly different from those conditions that were observed 40 years ago. It is shown, that in recent decades global crises have become cascading and have a greater impact on the volatility of world markets, making inflationary shocks sharper, and the monetary policy of countries and global financial conditions tougher. |
| format | Article |
| id | doaj-art-2791e42151a04e628a416ec8f80c1854 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2023-09-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-2791e42151a04e628a416ec8f80c18542025-02-04T08:28:17ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-09-010717117710.26425/1816-4277-2023-7-171-1772844A retrospective look at global recessions and modern trends in the world economic growthE. N. Smirnov0State University of ManagementThe aim of the study is to analyze the dynamics of global recessions and world economic growth trends in recent decades in order to identify their main determinants and specifics in the context of the world economy dynamics. The article provides a systematization and classification of the global economic growth stages in retrospect, as well as a comparison of current trends in the development of the world economy with previous global crises. It has been established that the current conditions for the crises’ overcoming are significantly different from those conditions that were observed 40 years ago. It is shown, that in recent decades global crises have become cascading and have a greater impact on the volatility of world markets, making inflationary shocks sharper, and the monetary policy of countries and global financial conditions tougher.https://vestnik.guu.ru/jour/article/view/4619economic growthworld economyglobal crisismonetary policyeconomic activityinflation |
| spellingShingle | E. N. Smirnov A retrospective look at global recessions and modern trends in the world economic growth Вестник университета economic growth world economy global crisis monetary policy economic activity inflation |
| title | A retrospective look at global recessions and modern trends in the world economic growth |
| title_full | A retrospective look at global recessions and modern trends in the world economic growth |
| title_fullStr | A retrospective look at global recessions and modern trends in the world economic growth |
| title_full_unstemmed | A retrospective look at global recessions and modern trends in the world economic growth |
| title_short | A retrospective look at global recessions and modern trends in the world economic growth |
| title_sort | retrospective look at global recessions and modern trends in the world economic growth |
| topic | economic growth world economy global crisis monetary policy economic activity inflation |
| url | https://vestnik.guu.ru/jour/article/view/4619 |
| work_keys_str_mv | AT ensmirnov aretrospectivelookatglobalrecessionsandmoderntrendsintheworldeconomicgrowth AT ensmirnov retrospectivelookatglobalrecessionsandmoderntrendsintheworldeconomicgrowth |