Meanwhile, a number of developments have caused concerns, such as the Dubai debt crisis in autumn 2009, the Greek financial crisis in spring 2010, and the economic deceleration from summer to autumn 2010 after the completion of fiscal stimulus measures and inventory restocking, but these concerns have been overcome.
It must be noted, however, that the  BIS central bankers’ speeches  1  pace of recovery in the advanced economies, particularly in Europe and the United States, is showing little sign of accelerating, since many economic entities are burdened with heavy debt repayments, and as a result, refrain from forward-looking spending and investment.