Should we fear a global economic crisis?

Abstract

The mortgage crisis raging in America has caused quite negative expectations around the world. In a number of countries, some are expecting structural crises, some are expecting stagnant or even stagnant inflation in Europe or America, and others are expecting a global economic collapse. However, despite this, the world economy is still developing at a rapid pace, and at the expense of developing countries. It is noteworthy that the forecast growth rate of the global economy exceeds 5%.