The global economy has faced two major global economic crises. The beginning of both
crises was in America.
The second global economic crisis, launched at the end of 2007, when one of the largest
US investment banks, Lehman Brothers, collapsed after the collapse of a real estate
balloon, began to spread globally to all global economies in 2008. The Slovenian economy
began to feel the first consequences of the chain effect of the economic crisis in 2008. At
the first stages of the economic crisis, the Slovenian economy had for years been
independent and successful acting as part of the European Union with a common currency.
In the master thesis, I investigated how the second world crisis hit the economy, which
activities were most affected and the state of the economy seven years after the crisis. To
compare how well the Slovenian economy faced the crisis, I also analyzed data for Austria.
The basic method used in the research to analyze data is the analysis of time series. The
calculation of the growth rates describes the trends of the various observed variables.
Furthermore, correlation coefficients are also calculated which explain whether there is
dependence between analyzed variables.
The analyzes carried out showed that the economic crisis affected both the Slovenian and
Austrian economies. The trends of the analyzed variables were similar in both countries,
with the difference that Austrian companies generated more turnover than Slovene in the
seven years after the crisis. In both cases, the turnover generated, by Slovenian and
Austrian enterprises was higher in 2015 than in 2008.
|