Scoop has an Ethical Paywall
Licence needed for work use Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

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

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines