It’s considered the deepest global recession in over 60 years, and some are suggesting it is close to bottoming out. However, the latest word from the Organization for Economic Co-operation and Development (OECD) says the recovery is likely to be both weak and fragile for some time.
But even with that word from the OECD, one of the most popular catch phrases among financial analysts continues to be ‘green shoots’. In this Commentary, AIMS Fellow in Financial Markets Harry Koza suggests those green shoots aren’t going to be growing wildly anytime soon. Written as a conversation with a friend, The Green, Green Shoots of Hope: The weeds in the garden of recovery explains why recovery has not yet begun to sprout.
To read the complete Commentary, click here.