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Business Daily: Is the Panic Over?

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14/03/2016 GMT

Is the Panic Over?

BBC World Service - Business Daily, Is the Panic Over?

Are forecasts of global crisis exaggerated? Plus Jamaican recovery and working too hard.

With bouncing oil and bouncing markets, are forecasts of an imminent global crisis now behind us? Plus Jamaica predicts its own bounce-back,  and Kellaway on working too hard.

Amidst a tumbling oil price and tumbling markets, some analysts in recent weeks have been predicting a return to global economic crisis. But now it seems there's been a reverse. Oil is suddenly back, touching $40. We read the runes as to whether the forecasts of disaster are now behind us, and ask Ewen Cameron Watt, a senior director at Black Rock investment institute, what if anything has changed. Also on the programme, after many years of austerity, we hear a report about the perennial economic pain of living life as a Jamaican, and ask whether a new government can change things. Also, Lucy Kellaway of the Financial Times joins us to ask, is it time we all slowed down, relaxed and stopped working so hard?

(Picture: A pedestrian walks in front of an electric quotation board displaying the Nikkei; Credit: Kazuhiro Nogi/AFP/Getty Images)

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