A year of bifurcation in the dynamics of the global economy

The Eurozone’s economy is currently in an unstable equilibrium, which can be broken under the effect of small external or internal demand shocks. Therefore, the year 2015 for Europe is a year of bifurcation (splitting in two directions, upward or downward). Lifting of the mutual economic sanctions of the European Union and Russia could afford such a positive demand shock, because Russia is the third largest commercial and economic partner of the European Union. The global economy’s main centers of growth (the United States, the European Union, China, and Japan) are considered, and the anticrisis measures taken by these countries, as well as the effectiveness of these measures, are analyzed. Prospects for the development of the above economies in the near future are outlined.