Budgetary Planning

Budgetary Planning

The current state of the economy

The economic crisis of 2008-2012 has been initiated in the early months of 2008 around the world following a financial crisis erupted in the summer of 2007 (which originated in the United States with the subprime crisis). Among the main factors of the crisis include the high prices of raw materials (oil in particular), a food crisis, high inflation, and the threat of a recession around the world and to end a crisis in credit leading to a collapse of trust of stock markets. The financial crisis erupted in August 2007 followed by a ...