Just when all the talk was about the end of austerity, and things looking up, along comes some economic analysis predicting a global downturn in economic activity once more.
This time the experts are saying that Central Banks acted too soon in turning on the fiscal brakes to prevent another runaway boom. The stock markets have got the jitters, and the banks have no liquidity.
Is it a ‘here we go again’ moment, or perhaps things aren’t as bad they seem. We’ll soon find out.
