Is the Panic Over?

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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)