SERVIÇO PÚBLICO: Da próxima vez também não vai ser diferente (14) - E, se for, poderá ser pior

[Uma espécie de continuação de «Too big to fail» - another financial volcanic eruption in the making (1) e (2) e de «Da próxima vez também não vai ser diferente»]

As financial markets take fright, our cover this week looks at the next recession. Last year growth was accelerating around the world. Today, America alone is booming. As interest rates diverge, emerging markets will find it harder to service dollar debts—which could blow back to the rich world. Although a re-run of the crisis of 2008 is unlikely, many economies are ill-prepared to deal with even a mild recession. Central banks do not have much room to cut interest rates and politicians may balk at unconventional monetary policy, deficit spending or co-ordinated international action. The time to prepare is now.

O que temos vindo a escrever há vários anos nesta série de post e na série QUEM SÓ TEM UM MARTELO VÊ TODOS OS PROBLEMAS COMO PREGOS, pelas palavras de Zanny Minton Beddoes, Editor-in-Chief da Economist: «Central banks do not have much room to cut interest rates and politicians may balk at unconventional monetary policy, deficit spending or co-ordinated international action.»