Past discussion has focused on the US central bank, the Federal Reserve as the more powerful first responder, and how rising US debt carries its own risks. This pro-debt attitude finds broad agreement among corporate economists, academics, think tank analysts, and private forecasters alike, and not just in the US. READ MORE Ten reasons to start a pension nowJapan, with debt twice the size of its economy, has had no trouble issuing more. Fighting climate change “may be an excuse for fiscal action” in countries that would be wary of spending just to boost short-term consumption, he said. The shift in tone on government debt comes as Europe is facing a possible recession, China’s economy has ebbed, and concern is rising about a possible US slowdown.

Source: Irish Examiner October 14, 2019 03:00 UTC