Read:
"
"It's possible, because you're talking about small numbers fluctuating around a very precise level - whether it's a technical recession or not," Mr English said. "Those kind of bumps along the way are all part of the process of very significant readjustment."
GDP fell 0.2 per cent in the September quarter, with the manufacturing, construction and mining industries all in reverse, even though GDP rose 1.4 per cent in the year to September 2010, compared with the year to September 2009, with primary industry activity up 1.1 per cent, including a 13.5 per cent rise in forestry and logging activity.
"
Then you have stories like this one:
http://www.nzherald.co.nz/economy/news/article.cfm?c_id=34&objectid=10705068Or this one:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10704020Which kind of blow that out the water?
Personally, I think having such minor contractions at this (particularly as we are still in "recovery" mode) shouldn't be cause for alarm. When this is happening consistently over a year, then yes, panic.
And another to bear a mention as well is the sector/skills that prospective Kiwi's bring. Many sectors weren't as affected though there was a definite slow down on in big project spending. From being on the ground (and currently on the employment market) I can tell you I'm getting a lot of interest right now and agencies are telling me companies are opening wallets to spend on those big initiatives once again.
I don't suppose any of that helps much?
There's always mixed opinions in amongst the facts. Only way to do it is be "semi-cautious" if you're looking to do the cowboy route. And they way you're thinking of doing it is definitely the semi-cautious way so I personally think you will be fine.
