The pandemic has forced governments to impose extraordinary restrictions that threaten a sharp recession and have hammered global markets, businesses and employees.

In the context of a sharp recession, commercially responsible lending practice means less lending.

I wrote a pamphlet explaining how membership would either cause a nasty inflation or a sharp recession.

Even if everything goes well, there will now be a sharp recession lasting a year.

The balance sheet has more than doubled in the space of two years - a pace of growth that would ring alarm bells even if we weren't entering a sharp recession.