We should derive important lessons from this crisis moving forward. Let use the lessons from this crisis in reshaping our strategies and priorities for the future. Thank you and Good morning to all! 3/3  BIS central bankers' speeches
This is rather about the timing of investment: the coincidence of a protracted period of weak demand and major transformative technological breakthroughs may have further delayed closing what some call the “innovation gap” – the distance to the technological frontier.20 In the euro area, for example, the double dip of the great financial crisis and the sovereign debt crisis may have delayed investment in new technologies.