Forum Archive Index - June 2001

["hugh webber" <hugh.webber@clear.net.nz>]

A recession is defined as two successive quarters of negative growth or, in the 
USA, they have some
committee which declares a recession (rather laughable, why don't they just 
default to two negative
quarters). The quarterly data from SNZ is sort of provisional and is quite 
liable to be revised,
probably
upwards, in the future. I for one, don't belive their "primary industries 
declined" scenario.
You'll note
that Finance Minister Cullen thinks the next two quarters will be positive and 
I think in this case
he's
right.
cheers,
Hugh
----------
> From: te ranginui <tranginui@yahoo.co.nz>
> To: sharechat@sharechat.co.nz
> Subject: [sharechat] No Growth Fullas
> Date: Saturday, 30 June 2001 9:06
> 
> There is no growth in March fullas. Do yous think we
> are in a resession?
> 
> Te Ranginui
> 
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