It is therefore best to set plans in place sooner rather than later, lest a second-best response be rushed out at a later date, with lesser impacts that arrive too late. Applying our risk management approach: there is little downside to investing now, and many downsides if the spending comes too late.
When we talk about unconventional monetary policy and fighting slowdowns, it is of course important to take a step back and look through the gloom: we are not in a recession, and we expect the economy to recover over 2020. It is possible that uncertainty could clear up in the coming year if there is closure on the topics of Brexit and trade tensions.