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During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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New Zealand Gets New Business Cycle Dates


Today ECRI is announcing May and October 2010 as the business cycle peak and trough dates for the most recent recession in New Zealand.

Click here for the complete international business cycle chronology.

Business cycles – alternating periods of recession and recovery – are part and parcel of all free-market economies. Before there was a committee to determine U.S. business cycle dates, ECRI co-founder Geoffrey H. Moore decided all those dates on the NBER’s behalf from 1949 to 1978, and then served as the committee’s senior member until he passed away in 2000.

Using the same approach, ECRI has long determined recession start and end dates for 20 other countries.

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