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€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply