It is six years since the financial crisis. If another hits soon, the world has no tools left to deal with it, notes Akash Prakash HSBC Global Research has recently published a very interesting research note, titled ‘The world economy’s titanic problem’. In the piece, they make the basic point that if we were to get another recession either in the United States or the global economy, there are almost no policy tools available to combat the slowdown. We have been unable to ... Rediff.com, 1 month ago
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