FINANCIAL CRISIS IMPACT ON WORLD STATES IN 2009

The year 2009 will be extremely restless from the global economy point of view, according to a survey released by the World Economic Forum (WEF), which launches an advertisement on promoting, by a series of states, some short-term investment policies, on a background of panic, without taking into consideration their consequences. Economic forecasts for 2009 are sinister for the most economies says the Forum of Davos, in the annual report on global risks. The World Economic Forum's Annual Meeting in Davos brought together the leaders of the most powerful countries. The main topic was the economic crisis and its effects on the world’s economy. Also, the International Labour Office (ILO) announced that over 50 million people all over the world would join the ranks of the unemployed this year. The present crisis has deleted 40 % of the world's wealth and has evaporated a huge amount of money in the last four quarters, and the future looks even more dismal, with no signs of returning, Stephen Schwarzman, Chairman and Chief Executive Officer of the Blackstone Group, warned at Davos. IMF expects a slow rate of growth of the world economy from 6.25 % in 2008 to 3.25% in 2009. One of the main reasons is the decrease of demand on international markets. The paper is particularly valuable in content by addressing the whole spectrum of issues faced by the world states in 2009, because of the financial crisis. The paper will present the risks taken by the world states in 2009. Then it will present several measures to combat the financial crisis worldwide