EN
The global crisis that has hit almost all economies all around the globe since 2008 is without precedent in post-war world economic history. As other global economies also main European countries are in the deepest recession since the 1930s, with real GDP projected to shrink by 4,1% in 2009. One can say it is the sharpest contraction in the history of the European Union. Although signs of improvement have appeared recently, recovery remains uncertain and some countries suffer from consequences of crisis more than others. Among them are Spain, Portugal and Greece. As an effect of economic problems all three economies have to challenge with negative real GDP growth, high unemployment rate, growing both budget deficit and general government gross debt. All this negative effects of economic crisis slow down the process of growth and create problems in labour market.