One thought on “Recession ‘not as bad as expected’

  1. But the end of the recession does not necessarily spell a strong recovery. In fact, it reminds us that the economy could be battling headwinds for some time to come.The rise in the household saving rate is a necessary – and welcome – adjustment. But obviously, that extra saving is money that isn’t being spent in the shops.My real fear is the ‘recovery’ we are seeing is nothing more than an inventory rebuild – one that preceeds a second downturn in what will be a ‘W’ shaped recovery.

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