Finally, let us all work harder and collectively to shoulder this nation, which is currently at a crossroads, towards a new and better horizon. This is an example of how our attitudes must be in terms of progressing into the New Year. We should keep striving to resolve national problems.
In response to this downward spiral many governments – especially in the advanced economies – took a series of extraordinary measures, including the provision of liquidity in unprecedented amounts, the provision of recapitalization support, and Government guarantees of deposits. These measures have been successful in breaking the psychology that led to the vicious downward spiral.