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The W-shaped recovery gets new kinks
The W-shaped recovery gets new kinks
by Pattrick Smellie
Nov 11 (BusinessWire) - You've heard of the "W-shaped" economic recovery, where the bounceback from the depths of recession is followed by another downwards dip before growth takes off again.
Well, forget that.
Reserve Bank governor Alan Bollard says
the International Monetary Fund's latest view is for a
recovery: that he described as the "along, down, up and
along" recovery. By which he means a recovery where a
recovery driven by inventory restocking, which is occurring
at present, is followed by lacklustre growth rates compared
to life before the credit crunch.
(BusinessWire)
15:16:47
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