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Confronting the Crisis

Its Impact on the ICT Industry, Febuary 2009

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This report focuses on the financial crisis and its impact on the ICT industry and covers areas such as telecoms, the internet, ISPs and media/content delivery platforms. While the economic turmoil may challenge some, it can also overturn the established order and stimulate the emergence of new entrants with new technologies in the innovative ICT industry.

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Message from the ITU Secretary-General

We live in turbulent times. The credit market difficulties that had simmered throughout 2007 erupted into a full-blown financial crisis in mid-September 2008, which broke out during an otherwise promising year for the ICT industry. The global economy is now navigating uncharted waters. Unprecedented events have taken place in the banking sector, finance and credit markets, including the disappearance of several global financial icons, and the consequences are far from clear.

English

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