Global financial crisis, the aftermath

Alarab online:The global financial crisis has greatly affected world economies and all governments are making tremendous efforts to address its impact. Researchers in this field have concluded that the current crisis may lead to a big global recession from which the world will recover slowly. However the impact of the crisis on the Middle East and North Africa region may be less compared to the US and western countries in general.

Many economists agree that the current crisis is not due to one reason as believed, ie, the sub-prime crisis, but to a number of factors which together led to its emergence. In other words the sub-prime crisis is not the only cause of the financial crisis...Continue Reading