Here's how to avert a looming recession

You might say a person is fundamentally healthy so long as you cannot yet say what will cause his death.

Likewise, an economic recovery is healthy if it is not clear what will cause the next recession. By this standard, the recovery from the 2008 financial crisis, though disappointingly slow, has been healthy for most of the past decade. This is now in serious doubt.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on January 09, 2019, with the headline 'Here's how to avert a looming recession'. Print Edition | Subscribe