We asked 13 economists how to fix things. All back the RBA governor over the treasurer | Peter Martin for the Conversation

All say stimulus is needed and the central bank can’t do it alone. And almost all think a surplus can waitThirteen leading economists have declared their hands in the standoff between the government and the governor of the Reserve Bank over the best wa…

Read more

Tory plan to outspend Labour turns party’s principle on its head

The Damascene conversion to a spending splurge funded via borrowing may not wash with voters, let alone the IFSBy any standards, the UK’s economic performance in the 2010s has been poor. Workers are still earning less in inflation-adjusted terms than t…

Read more

When recession comes, expect central banks to rewrite the rules | Nouriel Roubini

Any new downturn will spawn unconventional responses, from helicopter money to ‘bail-ins’ and huge deficitsA cloud of gloom hovered over the International Monetary Fund’s annual meeting this month. With the global economy experiencing a synchronised sl…

Read more

Javid sparks speculation of voter-friendly budget with borrowing comments

Chancellor predicts interest rates will remain at rock bottom levels and says it makes sense to borrow to boost the economySajid Javid has fuelled speculation that he is planning a voter-friendly budget next month after predicting that interest rates w…

Read more

Global economy faces $19tn corporate debt timebomb, warns IMF

Update on markets lists eight leading countries, including US, China and UK, as vulnerableLow interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the…

Read more

US economy adds fewer jobs than expected amid global recession fears – business live

Rolling coverage of business, economics and markets as investors focus on chances of Federal Reserve interest rate cutsBP chief executive Bob Dudley to retire after a decade at helmCity regulator threatens to ban automatic insurance price risesJohn Lew…

Read more

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley

The Bank rate is already low and Brexit overshadows everything, but look elsewhere too – the global economy is not in good healthCall it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index…

Read more