The world economy – Watch out

The Economist issues an ultimate warning of another Recession

It is only a matter of time before the next recession strikes. The rich world is not ready

THE struggle has been long and arduous. But gazing across the battered economies of the rich world it is time to declare that the fight against financial chaos and deflation is won. In 2015, the IMF says, for the first time since 2007 every advanced economy will expand. Rich-world growth should exceed 2% for the first time since 2010 and America’s central bank is likely to raise its rock-bottom interest rates.

However, the global economy still faces all manner of hazards, from the Greek debt saga to China’s shaky markets. Few economies have ever gone as long as a decade without tipping into recession—America’s started growing in 2009. Sod’s law decrees that, sooner or later, policymakers will face another downturn. The danger is that, having used up their arsenal, governments and central banks will not have the ammunition to fight the next recession. Paradoxically, reducing that risk requires a willingness to keep policy looser for longer today.

Continue reading The world economy – Watch out

Army chief arrives in Russia for crucial talks: ISPR

By Kamran Yousuf

ISLAMABAD: Army chief General Raheel Sharif arrived in Moscow on a three-day official visit to Russia against the backdrop of realignments taking place in the region.

The chief military spokesperson, who is also accompanying the army chief, said General Raheel was given an “elegant guard of honour” at a ceremony held at Kremlin on Monday.

“Wreath laying at tomb of unknown soldier. Heart warming to see Russian band play Pakistan anthem perfectly,” Major General Asim Bajwa tweeted.

Read more » The Express Tribune
See more » http://tribune.com.pk/story/904003/army-chief-arrives-in-russia-for-crucial-talks-ispr/