2007-2008 seems to be a distant past. However the impact from the worst economic crisis since the great depression can still be felt. Alan Greenspan, the former chairman of the Fed, said:
"The current financial crisis in the US is likely to be judged as the most wrenching since the end of the second world war."
Now the Euro crisis might drag the (still) unresolved situation further. However, the situation in Europe and the US had given emerging superpowers (China, India, Brazil) the opportunity to grow.
Here is a comparison of how output per person (GDP) has changed in the world's biggest economies since 2007. (courtesy of the Economist Intelligence Unit)
http://www.economist.com/node/21541113?fsrc=nlw|newe|1-16-2012|new_on_the_economist
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