Richard Jerram
Richard Jerram
economy expand grow somewhere
We think the U.S. could expand by around 3% while Japan's economy could grow somewhere between 3.5% and 4%.
ability balance banks capital credit growth improve position rate role sheet
As the capital position of banks improves, so does their ability to take balance sheet risk, which should improve credit provision. The growth rate is slow, but is accelerating and should play a more constructive role in the economy.
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.
domestic drive revival start steadily
We see the domestic revival as steadily broadening out and in the end that should start to drive production.
exports felt industrial seem signs
Exports seem to be stalling and there are some signs this is already being felt by industrial production,
america company fairly woke
We woke up and America was down pretty hard. Then we had a fairly big construction company go bust.
companies debt forgiveness issue
There is also the issue of debt forgiveness for some construction companies by banks,
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.
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.
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.
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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.