At what stage of the Business Cycle is New Zealand presently in? Is there an inflationary or recessionary gap?

Info macroeconomics What are the 5 phases of the business cycle? Image result for macroeconomics business cycle. The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. The cycle is shown on a graph with the horizontal axis as time and the vertical axis as dollars or various financial metrics.