Causes and impacts of the global financial crisis on the world economy

The financial crisis which broke out in the year 2008 has hit the whole world economy very badly. Even after eight year from then its impacts could be still fellable. Many rich economies are still recovering from it. There are various reasons for the crisis origin. Global economy has for couple decades before the crisis kept the stable position. Economic situation and its indicators as an inflation which was held in its normal level, economical and price stability gave a general impression that everything is as it should be. This seemingly safe and stable economic environment stimulated a formation of an opinion that these days speak about a new era where the financial risk is no more such a threat is it use to be. Unfortunately these believes has proven to be very wrong.