Economy Crises

This is about the world economy crises, enjoy =D

Largest economy in the world, the United States began in 2008 under threat of a severe recession. To contain the crisis, which toppled the major stock exchanges of the world, President George W. Bush announced a package of $ 150 billion (1% of GDP of the country) and the Federal Reserve (Fed, the central bank in the U.S.) hosted a historic cut in the base interest rate of 0.75% percentage point (the largest since August 1982).

Economists call this a recession when the economy of a region or country ceases to grow. There is a reduction of business and industry. Thus, decreases the rate of production and work. It is a time when unemployment increases and wages fall, as entrepreneurs must produce less and reduce the costs they have with the maintenance of their companies.

You can ask that a recession in the United States can interfere in the Brazilian economy and world. Indeed, nobody can say exactly how far the situation the U.S. could cause havoc in other countries.

However, the current world economy is based on relationships of interdependence. Most Brazilian exports, for example, just go to the United States that with the recession, may reduce its imports.