SHANGHAI The recent financial crisis has seen Asia emerge as an economic powerhouse indeed, as a key driver of global growth.

In recent years even before the financial crisis erupted in 2008 it was clear that the global economic landscape had shifted again.

Urgent action is needed, as the recent financial and economic crisis, following hard on the heels of the food price crisis, is believed to have set back progress on poverty reduction even further.

Economic and humanitarian crisis

In case of a worldwide economic event, such as the recent crisis, this can mean pulling out of foreign markets when they are most vulnerable.

Finally, both Indonesia (after the Asian financial crisis of 1997) and Turkey (after its 2001 crisis) are recent examples of Muslim majority countries that decisively overcame economic mishaps while dealing with major domestic political transitions.

Those who suffer most from the crisis claim that the recent rescue plan should have come much earlier, and that economic imbalances in the EU have contributed to the debt crisis in some member states.

Economic Crisis and Regional Integration

Is Russia s Economic Crisis Over?

At its core, the global economic crisis is a growth crisis.

This power vacuum has reinforced the absence of leadership on global economic and political governance within the G 20 since it succeeded the G 7 at the onset of the recent economic and financial crisis.

The recent Greek crisis has further galvanized the anti CDS camp.

This is the key to understanding the recent Russian gas crisis.

This downturn is complex an economic crisis combined with a financial crisis.

The economic crisis and its consequences.

Implications of recent economic and social developments

Although Europeans have known this for decades, in the wake of the recent economic crisis, immediate goals took priority over and often at the expense of long term objectives.

The impetus for the rethinking is, of course, the recent financial crisis.

Forget politics, Obama or the economic crisis.

Clearly, banning the AKP would trigger a political crisis that would end Turkey s efforts to join the European Union in the foreseeable future and threaten its recent strong economic growth.

As the global economy has gone from crisis to crisis in recent years, the cure has become part of the disease.

Such an example captures China s recent economic situation.

The financial and economic crisis is morphing into a sovereign debt crisis in advanced countries.

The economic crisis affects all parts of Spain.

Thus, the recent events in Greece, Portugal, Ireland, Italy, and Spain are but the second stage of the recent global financial crisis.

Recent economic trends and developments in the ESCWA region

We cannot blame today s emerging crisis solely on our current and recent governments actions.

During a recent crisis, the United Nations was nearly shaken to its very foundations.

These internal conflicts have worsened with the country s domestic political crisis and the global economic crisis.

Moreover, California s crisis is more than an economic one.

The pandemic is as much a medical crisis as it is an economic, social and political crisis.

PRINCETON The euro crisis and Queen Elizabeth s recent Jubilee seem to have nothing in common.

But, for most Asians, economic Armageddon is far more recent.

In other words, three interconnected crises a resource crisis, an environmental crisis, and a climate crisis are threatening Asia s economic, social, and ecological future.

The economic crisis has exacerbated the perceived downside of globalization.

The real crisis facing Europe is one of economic governance.

LONDON We all know how the global economic crisis began.

Unfortunately, so far the world seems to have learned very little from the recent financial crisis.

Until the recent crisis in Greece, the US benefited from a weak dollar euro exchange rate.

The recent humanitarian crisis in Darfur was a sad reminder of the urgency of the task.

NEW DELHI The key role of emerging and developing countries including India, China, and Brazil in sustaining world economic growth was brought into sharp focus during the recent global crisis, and has been well documented.

Here is a quick reminder of Ireland s sad recent economic history.

Iran under Ahmadinejad is facing its worst economic crisis in decades.

The economic crisis and its aftermath is a case in point.

WARSAW Episodes like the current financial crisis seriously disrupt economic growth.