The data released last week strongly suggested that the recovery has hit its second "soft patch" which, for an expansion that is less than two years old, is troubling to say the least. Admittedly, some of the weakness can be blamed on temporary factors, such as the rapid run up in commodity prices and the disruption caused by the Japanese earthquake.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services