The European Central Bank and the Bank of England would have ample scope to cut interest rates.

ECONOMIST: When America comes to earth

One of his most enduring characters is La Calavera Catrina, a female skeleton in an elaborate low-cut dress and flamboyant flower-covered hat, suggestively revealing a bony leg and an ample bust that is all ribs and no cleavage.

BBC: Mexico's Day of the Dead

If economies perk up and a rate cut turns out to have been unnecessary, it can be reversed: with ample excess capacity, the risk of inflation taking off is low.

ECONOMIST: The world economy