7: The outlook: Prolonged low growth or another crisis

Philip Lane interviewed by Viv Davies, 03 November 2014 Contrary to widely held beliefs, the world has not yet begun to ‘delever’ and the global debt-to-GDP is still growing. Growth and inflation are also dangerously low. This Vox Talk discusses the findings and policy recommendations of the 16th Geneva Report. It argues that much more can and should be done to improve resilience to debt shocks and discourage excessive debt accumulation.