Preparing for the next recession

The Economist speculates that whilst we're ten years away from the last recession, we shouldn't be complacent and we might be on the brink of another recession, perhaps triggered by emerging markets or Italy.

However, unlike the last recession, it's suggested that we might be less able to combat any slowdown, in part because of the political circumstances that make co-operation harder, but also because of low global monetary policy interest rates that give central banks less room to manoeuvre.