The global economy is slowing down. What can governments do about it?
by Larry Elliott and Phillip Inman from on (#49R55)
A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes
Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago.
The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year.
Continue reading...