Richard Jerram
Richard Jerram
change claiming economic economy fact fiscal gone government market matter mere percent reason
The government still is claiming that the economy is okay. And if the economy's okay, then there's no reason to change it's fiscal stance. The mere fact that the market has gone down 10 percent doesn't really matter in economic terms.
free people ride risk
There is a risk of people overreacting. The five-year free ride comes to an end, or at least that's the fear.
basis economic economy exports industrial months negative performance recent views
Overall, we feel that views on the economy have probably become excessively negative in recent months on the basis of the performance of two economic indicators: exports and industrial production.
overall picture quite
I think the overall picture is quite positive,
bail economy financial measures point taken turning worked
It has always worked in the past. It's always been a turning point in the economy when measures have been taken to bail out the financial system.
economic reform tough
He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,
affect consumer deflation exit feeding gradually price prices production rises starting
Price rises are gradually feeding down the production chain. This is starting to affect consumer prices and would make the exit from deflation more solid.
feeding gradually price production rises
Price rises are gradually feeding down the production chain.
banking bit people small system thinking
Some people are thinking that is a little bit too small to get the banking system back on its feet.
debate declining economy months sideways three whether
Three months ago, the debate was whether the economy was still declining or going sideways. Now the debate is whether the economy is going sideways or whether it is improving.
confident difficult economic lead less months outlook puzzle six
It is difficult to find any part of the economic puzzle that would lead you to be less confident about the full-year 2006 outlook than you were six months ago.
growth likely looking negative positive question whether
I think the real question is whether growth in 2001 is positive or negative. And the way things are going, it's looking increasingly likely there's going to be a negative number.
biggest coming economy forecast growth japan next private sector
Japan is forecast to be the fastest-growing G7 economy over the next two years. The biggest contribution to growth is coming from private sector demand.
direction hope shift speed
The hope now is that there is a shift in the direction and speed of reform.