Steps must be taken to protect economy

The current turbulence in the financial markets will pass. There is, however, an underlying message, and it is that a difficult period lies ahead for our economy.

26th January, 2008

The current turbulence in the financial markets will pass. There is, however, an underlying message, and it is that a difficult period lies ahead for our economy.

The US may be heading for recession and this, together with the problems of the financial sector, lie behind the market turmoil seen last week. More market volatility surely lies ahead, but what we need to focus on is the changed environment that this heralds.

Our economy enters...

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