Richard Jerram
Richard Jerram
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.
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.
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.
economic reform tough
He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,
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.
coming figured mistake nasty policy quite rather six suggest weeks worrying
It's really rather worrying that six weeks into the job, he still hasn't figured out the difference. It does suggest there's quite a nasty policy mistake coming our way and quite a nasty recession.
begin budget clearly cut finance growth ministry order prepared sacrifice
The ministry of finance is clearly prepared to sacrifice one year's growth in order to be able to begin to reconstruct the budget -- and cut the budget deficit..
climb gradual headline rate seeing seen underlying zero
If you look not just at the headline rate but also at the underlying rates, you are seeing a gradual climb away from zero and that has to be seen positively.
consistent economic point turning
In particular, inventories are at 15-year lows, which is not consistent with a turning point in the economic cycle.
assets closed generally needs selling
Generally what needs doing with them is the assets need selling and they need to be closed down.
areas expand happening land major matters prices recovery rural
I don't think the recovery in land prices will expand to rural areas and it doesn't really matter. Those areas are a too-small part of the economy. What matters is what's happening in and around the major cities, and that's increasingly positive.
broad domestic economy finally late seen signs since time
The economy has finally crawled out of its 1990s misery. This is the first time since the late 1980s that I've seen signs of a broad domestic revival.