Central banks must think outside the box to be ready for the next crisis
With a recession in the US inside the next 12 months a live possibility, attention is turning to what central banks might do if it happens
According to statistical models from the New York Federal Reserve, the probability of a US recession in the next 12 months has increased to just under 30 per cent, which is the highest reading since the global financial crisis in 2008/9 (the model looks at the coincident changes in a number of leading indicators which have previously led to US recessions).
While the probability of a US recession is still less than one-third, it will doubtless focus minds...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Private rental sector remains strong despite Covid-19
Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account
How the programme for government will shape housing
Several strategic changes offer an opportunity for positive reform of planning and development
Comment: US must defuse Covid-19’s ticking time bomb of debt
The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery