Too Long; Didn't Read
Financial crises are like human fingerprints – they may look the same and yet under ultraviolet light, there are very dramatic differences. Every crisis differs in its nature and intensity and will require a different action plan. This year we became aware of a new type of financial disruption caused “voluntarily’t as a consequence of serious imbalances in the economy such as those in 2008. In principle, this means that if the activity slowdown does not continue too long, the economy could recover relatively quickly once the current restrictions are lifted.