The international financial crisis will not end this year or in 2010 – and no one can predict when it will, said the Arab Monetary Fund (AMF).
"Nobody in the world can predict when the crisis will end and how far its repercussions will reach," said Dr Hazem Elbeblawi, an advisor to the fund.
Asked by Emirates Business about the extent of the losses suffered by the region as a result of the meltdown – said by some commentators to have reached $1.5 trillion (Dh5.5trn) – he replied: "There is no accurate figure and no Arab research institution has confirmed a figure.
No comments:
Post a Comment