Recent evolution of international economy

The international financial crisis is having a strong impact on the real economy, affecting credit and investment. This negative impact has led to an adjustment in global demand and impacts on international trade and employment. The crisis, originating in developed countries, is also affecting emerging economies. International organisations are predicting a recession in 2009 with a GDP fall in OECD countries and a deceleration in developing countries. Despite fiscal and monetary measures, the international economy has not stabilised and a more central role for the State in the regulation and coordination of policies is expected.