As New Zealand's economy heads into its 10th year of expansion, how does this era rate compared to our other postwar booms. For that matter, is it even a boom?

The past few years have been great for homeowners and share investors, but have seen many wage earners struggling to keep up.

The current growth phase has been unusually shallow – in length, it is now running third-equal among growth periods since WWII, but it only ranks fifth in terms of its strength.

The numbers are based on a research paper produced by Reserve Bank head of economics John McDermott

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