For many months, a discussion was raging, on the path to recovery after the 2009 financial crisis - would it be linear, steeper or smoother than predicted, and so on. We now know its shape - since this weekend, the path for recovery is a "W", with a new recession following a number of months of recovery. But it is important to remember that a "W" also ends in a high note. Though we are probably heading now to a few more months of recession, in the end, we will readjust and grow.
Tuesday, 9 August 2011
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