Central banks will have to tread carefully in the year ahead

As the era of quantitative easing and low interest rates ends, new policies will bring a slew of major risks for the world economy.

As the era of quantitative easing and low interest rates ends, new policies will bring a slew of major risks for the world economy, writes Alexander Friedman. 

Former US president Ronald Reagan once quipped that: “The nine most terrifying words in the English language are: ‘I’m from the government and I’m here to help’.”