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Fault Lines 2.0 - Is The World Already Moving Towards A Depression?

Fault Lines 2.0 - Is The World Already Moving Towards A Depression?

The governor of the Reserve Bank of India, Raghuram Rajan, who was one of the few economists to warn of the 2008 global financial crisis before it hit, recently sounded the alarm bell again. In a conference at London in June this year Rajan cautioned that nations in a bid to revive growth are working at cross purposes. Central banks around the world are adopting the kind of beggar-thy-neighbour strategies that were followed in the 1930s leading to the Great Depression.

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