Economists are not the only ones who debate the likelihood of V or U-shaped recoveries. The same applies to corporate turnrounds. Li & Fung, Asia’s archetypal middleman, just reported solid first-half numbers – welcome, after some painful shocks. But backing it just now means believing it has reached the valley of the U – and made it across, too.
並非只有經濟學家纔會爭論V型或U型復甦的可能性。這一結論同樣適用於企業的業績反轉。亞洲的典型中間商利豐集團(Li & Fung)剛剛發佈了強勁的上半年業績——在經歷了一些痛苦的衝擊之後，這一結果令人欣慰。但如果現在就看好該集團，將意味著要相信它不僅已經到達U型的谷底、而且已開始反轉向上。
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