Leaviss: Rates may be low for another year

Today I'd like to focus on some research on labour markets that was recently published by the International Monetary Fund (IMF) in their World Economic Outlook and the implications this might have on central bank interest rates. Unemployment is a big problem at the moment and is a key challenge for policymakers globally. Strong labour markets generally result in higher consumption and wealth effects, generating higher standards of living and stronger GDP growth. Given this context, the IMF has sensibly asked: how long before employment recovers? Sadly the employment reports to come ou...