The Drama of 2008: From Economic Miracle to Economic Crisis
Voprosy ekonomiki [Problems of Economics], No 2, 2009
17 Pages Posted: 27 Jul 2012
Date Written: July 26, 2012
The year 2008 will acquire a special significance economic history of Russia and of the world. This was a year in which the economic crisis developed with extraordinary rapidity and in which pubic opinion devolved from feelings of euphoria to feelings of despair. In a matter of months in Russia and other countries with developing markets belief in the certainty of an economic miracle was replaced by to expectations of economic collapse. In the course of 2008 we have passed through three phases of understanding of the crisis that began in 2007 in the USA.
Keywords: 2008 crisis, anti-crisis policy
JEL Classification: O4, N4
Suggested Citation: Suggested Citation