Wednesday, July 11, 2012

How's your recession going?

China's economic growth has fallen to its lowest level since the 2008 global crisis due to anemic demand for exports and government efforts to cool overheating and inflation

China's trade growth decelerated more sharply in June than expected - an indication the slow-down of the world's second-largest economy deepened despite stimulus efforts

Ready for the main event? Bursting in 3-2-1...

Better get on down to the red shed to purchase some more of Asian tat to help the tiger.

ps For Stuff subbie - From an English dictionary - Anaemic is the correct way to spell the word


Adolf Fiinkensein said...

ps for economically challenged bloggers.

'Recession' is when you have two consecutive quarters delivering negative GDP growth.

What planet are you living on with YOUR recession?

PM of NZ said...

Obviously not the same as yours there Adolf. Whilst current conditions may not be delivering consecutive negatives, I suspect that may change somewhat in the near future as the economy of Asian tiger sneezes and every other economy catches the flu.

Still it will be entertainment of the highest order watching your beloved Mr Key do his financial whizzer act during the second stage of the upcoming downturn.

PM of NZ said...

And I did wonder how you might explain 'negative ... growth'?