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With the country expected to stay in recession through the end of 2013, no quick upturn in sales is expected.
But even though the stronger growth in productivity could lay the foundation for higher incomes, economists said the gains did not necessarily foreshadow a quick upturn in today's slack economy.
Dr. Hughes sees a V-shaped recovery: "A quick dip down in the fourth quarter and an equally quick upturn in the first half of 2002 -- because of all the stimulative effects I mentioned.
"For their story to hold true, we should be seeing a very quick upturn in investment," Baker said.
Fosback is recommending that clients accumulate stocks that have been long out of favor in preparation for a quick upturn in the market.
Similar(55)
The big fall in sterling will help exporters but what is really needed is a quick, strong upturn in Britain's main foreign market, the euro area, which does not seem likely.Even if a sustained recovery does get under way, it will be tempered for several years by fiscal retrenchment and the reversion to more normal monetary settings.
Christina Willoughby, the head of international sales at Channel 4 International, says buyers are moving quicker than ever before as the advertising upturn and proliferation of digital channels ratchets up the competition: "I don't think the environment has ever been quite this competitive among the different countries represented here.
She argues that Hong Kong is inherently unstable: at present there may be a feel-good factor thanks to the economic upturn of recent years, but the next slump could bring a groundswell of discontent unless there is quicker progress to democracy.A big obstacle to any reform is LegCo, two-thirds of whose members have to support any political change.
We'll upturn capitalism!
Then came the upturn.
Managing in an upturn is relatively easy.
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Justyna Jupowicz-Kozak
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