Expectations of a sharp fall in turnover (of more than 20 per cent according to many firms) and great uncertainty as to the duration of the crisis have caused investment plans for this year to be reduced by 12 per cent in industry and services overall and by more than 20 per cent in the manufacturing sector – exceptionally high figures by historical standards.
Factors such as these will ensure that we can move on from recent events and remain at the forefront of financial centres in the MENA region. Thank you for your attention. 2  BIS central bankers’ speeches