Global manufacturing may be rebounding but the recovery in the wider economy is far from secure. The full disinflationary impact of the recession has yet to be felt and major central banks may still have to ease policy further. At the very least, interest rates will have to remain low for many years as the fiscal policy stimulus fades and, starting in Europe and Japan among the major economies, begins to be reversed.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services