Traders react on the floor of the New York Stock Exchange last Wednesday as the Dow Jones industrial average fell again following a drop in the price of oil. Photo: EPA

Is needless panic sending the world to the brink of recession?

Andrew Sheng says financial markets have been propped up by massive unconventional monetary policy and negative interest rates, so we should not be surprised if these bubbles deflate

Topic |   World Economic Forum

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Traders react on the floor of the New York Stock Exchange last Wednesday as the Dow Jones industrial average fell again following a drop in the price of oil. Photo: EPA
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