In a letter devoted to the economic slump Gates wrote: "I hope two years from now when I write this letter I can look at this section as a reflection of something that was short-term and that has passed." "But I think the effects of the crisis will last beyond that," added Gates, who retired from Microsoft last year to wholly devote himself to his foundation.
"If you take a longer time frame, such as five to 10 years, I am very optimistic that these problems will be behind us," he said. Fast-moving technological and scientific innovations would the primary drivers in the recovery of the crisis he opined. Innovations are "moving forward at a pace that can bring real progress in solving big problems" and "will help improve the world and reinvigorate the world economy." Gates said.
OneIndia News (With inputs from Agencies)&13;