That's a very good question, sir. In fact, typically six years after a recession we should be in a situation where the global growth has sort of stabilized and there is really no issue.
There are a number of risks and issues that have caused this sort of instability in global growth, and we see the IMF has revised down its global growth projection in its most recent publication.
One of the issues identified by the IMF actually is that a number of countries in Europe and in North America, very early on after the recession, had started to significantly reduce their government spending. The fiscal drag that was created both in Europe and in North America did not allow the normal business cycle to come back and provide—