Recession double-dip or not? We think it might be a little early to tell...
However, it is undeniable that the Christchurch earthquakes will have some effect in the country's economy. Just how much effect it has had so far, according to this article, we will know on Thursday.
This article from Stuff reinforces this idea, saying that the economic recovery stalled in the second half of last year. However, economists are saying that even if the economy fell back into recession in the December quarter of 2010, it is unlikely to see the Reserve Bank cut interest rates further. This means that the NZ economy is expected to "remain in "limbo" for the first half of 2011". So be prepared!
This article from Stuff reinforces this idea, saying that the economic recovery stalled in the second half of last year. However, economists are saying that even if the economy fell back into recession in the December quarter of 2010, it is unlikely to see the Reserve Bank cut interest rates further. This means that the NZ economy is expected to "remain in "limbo" for the first half of 2011". So be prepared!
No comments:
Post a Comment