World markets witnessed a crash in March 2008, but we in Dubai felt it only by October 2008. Everyone finally agreed that world’s economies are inter-dependent.
That logic prevails in the long run. Everything that goes up, comes down and nothing can trend up infinitely. The pace at which this happened here surprised everyone.
During the fourth quarter of 2008, the demand-supply equation took over and ensured that economics prevails in the long run.
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