THE IMPACT OF THE FINANCIAL CRISIS ON THE REAL ECONOMY - A EUROPEAN PERSPECTIVE

The slow recovery from the recession that started in 2009 has been the subject of much analysis and comment. This article explores the significance of the current year in the evolution of the world economy through the graphical method and comparison. In 2014, it is for the first time after six difficult years when we can discuss about the post-crisis world. From this point of view, 2014 is a turning point in the evolution of the post-crisis world. This year the start of a genuine economic recovery will take place, according to current forecasts. In 2014, the average GDP growth for advanced economies will be 2.2% compared to 1.6 in 2013. The process of recovery is more pregnant in the United States and in the United Kingdom. At the same time, it is worth mentioning that the Eurozone will experience a positive evolution after several years of negative growth. Let us not forget that the emerging world will experience a growth pace twice as big as that of the developed world.