Deba,
Govt. and bankers have over time invented new financial ideas... Removal of gold standards has given them the freedom to print paper money, fear of market collapse has led to loose monetary policy, QE's, Negative Interest rates, bond purchase, helicopter money etc... Politicians across the globe and their advisors will now be looking at ways to get 'prop up and get confidence back into the market', though they are seemingly out of ammunition as interest rates are near zero....
Big question to answer, because if they fail now (UK recession, EU break up, China slowdown, US political uncertanity with Trump), Mid east instability, migration crisis, etc global markets can go down in a tailspin... which will be difficult to extract it from...
India seems to be the best country to invest in... but in uncertain times, money looks to move to safety.... Interesting times ahead.
Even if recession is looming, Central bankers world over have nothing left in their hand to fight it off.. Actually these central bankers are mostly responsible for what the world is facing today !