The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

World needs a new order of modern economy.

The 2008 financial crisis and the Great Recession that followed have had devastating effects on the U.S. economy and millions of American lives. But the U.S. economy will emerge from its trauma stronger and widely restructured.

The whole world is being affected by this economic slowdown. The same goes for Singapore. We should make good use of this period to improve and retrain, so we will be in a excellent position to leverage on the next boom.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

This is by far the biggest crisis facing the Palestinian Authority and the Palestinian economy. It could have profound long-term consequences.