Economists divided over duration of recession
The state of the economy is hitting brokers in the pocket and it is hard to predict when the recession will end, writes Andrew Tjaardstra.
As ever, the nation's economic think-tanks are busy envisaging differing versions of the future and there are contrasting weekly offerings on how quickly the recovery will come. Brokers opinions are also mixed (see the PB online poll results, opposite) the Organisation for Economic Co-operation and Development, has revised its forecast for contraction in 2009 from 3.7% to 4.3%; worse still, the organisation is predicting zero growth for 2010.
The OECD forecast, however, is at the gloomy end of
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