THE IMPACT OF THE GLOBAL ECONOMIC CRISIS ON MACROECONOMIC AGGREGATES IN BRICS COUNTRIES AND USA

Jelena Tošković, Jasna Marković and Marija Gačić
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Jelena Tošković: Faculty of Business Economy (Educons) in Novi Sad, Serbia
Jasna Marković: Faculty of Business Economy (Educons) in Novi Sad, Serbia
Marija Gačić: Faculty of Business Economy (Educons) in Novi Sad, Serbia

Theoretical and Applied Economics, 2013, vol. XX, issue Special I, 424-430

Abstract: The global economic crisis which has emerged 2007 year has led to major financial and corporate scandals, also hence to large fluctuations in macroeconomic developments and the implementation of national policies. Macroeconomic aggregates are important indicators that measure the results of activities of the economy of a country, and therefore are important for macroeconomic analysis. The aim of this paper is to show the impact of the global economic crisis on macroeconomic aggregates in the BRICS countries and the United States, which represent today's economic landscape of the world. The displayed turbulence and movement of macroeconomic aggregates, GDP (PPP) per capita GDP, inflation, unemployment, foreign debt and foreign exchange reserves in the five-year period (2007-2011.), in these countries. The work consists of three parts, where the first part describes the origin of the global economic crisis. The second section covers the analysis of macroeconomic trends in the BRICS countries and the U.S. The third part consist the conclusions arising from the experience of countries on their road to recovery.

Keywords: global economic crisis; the macroeconomic aggregates; BRICS; USA. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xx:y:2013:i:special-i:p:424-430

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