PUBLIC SECTOR AND ECONOMIC AND FINANCIAL CRISIS

Economic and financial crisis was in 2008 touched upon several important indicators. Primary cause was American mortgage crisis of 2007 which gradually grow in global financial crisis, also played an important role in the high price of oil, which led to a decline in real GDP. Oil prices drove up the speculative transactions. Hedging and pension funds buy commodities to reduce the risk portfolio. In the autumn of 2008 the full financial crisis started. It wiped out the world's leading banks, stock markets and the price of oil. The crisis got of public sector.