By . In this morning’s blog post, Brian Keeley mentioned quantitative easing (QE) as one way governments can stimulate the economy, and (in an unrelated move) the European Central Bank has just announced it is launching a QE initiative amounting to 60 billion euros a month until September 2016. More...
Stuck in a rut …
By Brian Keeley. Few people can have been very surprised when the IMF announced this week that it was lowering its growth projections for this year. It feels like that’s been the story of the recovery in much of the OECD – a succession of disappointments and dashed hopes. Today, seven years after the financial crisis, growth remains well below where it was pre-crisis and unemployment well above. More...