A decade after the crash, many nations are still on emergency monetary policies, even before a new downturn strikes. Central banks are getting twitchy. On average, recessions have come along once a decade since the mid-1970s and the nadir of the last downturn occurred almost a decade ago. The Nobel prize-winning economist Paul Krugman has predicted that there will be a recession in America by the time Donald Trump comes up for re-election at the end of next year. The darkening outlook for global growth is putting pressure on the US president to resolve his trade dispute with China. When the White House announced its ... (full story)