Is a major recession unavoidable? Three economists give their views
- Written by Jonathan Perraton, Senior Lecturer in Economics, University of Sheffield

We are in a double bind right now. Prices are going through the roof but all the signs suggest that the economy is weakening. The answer to higher prices is normally to raise interest rates, but this also induces people and firms to spend less money. The challenge for central banks is to try and deal with both...