Economic crisis, its prospects and challenges
Economic crisis, its prospects and challenges

Summary/Abstract: Actual crisis which originated from USA quickly spread throughout the world economy. Although at the beginning it was labeled as exclusively financial one, after its second wave (in 2008) everything became much clear. Finally we all became aware of its overwhelming influence on both financial and real spheres of national economies as well as global economic system. For the last two years, the world is facing a severe financial crisis and a dramatic economic slowdown. CEE emerging economies are also affected. In the first part of the paper, are succinctly presented the main causes of the financial crisis over the world and in the second part are presented the contagion of emerging markets and the recent solutions and progress that has been made.

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