Ten years after the crisis, economic
analysts, including those at the International Monetary Fund, already knew that the medicine forced on the region then only made the illness worse.
For example, while those with higher incomes seem to have some protection from suicides in times of crisis, economic
downturns create conditions of greater vulnerability.
"Undeterred by the ongoing Greek debt crisis, economic
growth is gathering momentum and looks set to gain further traction in coming months," said Chris Williamson, chief economist at Markit in London.
"When the present government took over, there was energy crisis, economic
and law and order related challenges, but we accepted these challenges by devising an effective strategy," Rashid said.
The PPP entered the polls with massive allegations of corruption, failure to resolve issues such as the energy crisis, economic
issues, the law and order situation and above all, terrorism.
"Promotion of science & technology is inevitable for the development of Pakistan and quality science education is key to solving all problems including energy crisis, economic
and environment problems," said Prof.
Prince's Initiative chief executive Nick Bunting said: "Mature workers face a perfect storm of longer working lives, a pensions crisis, economic
downturn and the uphill struggle to find employment once it is lost.
She noted that "while those bound for Rio might have the best of intentions, they do not face the best of circumstances." She stressed belief that "we are facing a triple crisis, economic
crisis, environmental crisis, and increasing a social crisis." "The global economy is still rocked by turmoil, with uncertain prospects for growth and jobs.
Thus, despite the severe impact of the international financial crisis, economic
cooperation and trade between China and Arab countries have continued to grow, he added.
These include the Cyprus issue, problems caused by the world economic crisis, economic
and political prospects after the discovery of hydrocarbon deposits and efforts to further modernise the Cypriot state, he said.
The problem is addressed from the perspectives of the financial crisis, economic
downturn, and foreign direct investment (FDI) flows; how the largest transnational corporations are coping with the global crisis; FDI by special funds; new developments in FDI policies; and regional trends.
State Minister and Deputy Prime Minister Ali Babacan replied to questions of moderator Martin Wolf from Financial Times in a seminar titled "Crisis, Economic
Recovery and Structural Reform in Emerging Europe and Asia" held on the sidelines of IMF-World Bank annual meetings in Istanbul.