It might be that policy-led reform accelerates the process, but avoiding a mistake is all that is necessary. Any assist from economic reform would be an added bonus,
More Quotes from Richard Jerram:
This is the early stage of a very extended economic expansion, and there are probably several more years of improvement to come. Property prices go hand in hand with that.Richard Jerram
He doesn't really have an economic reform policy. He's not really about to get tough in the economic sphere,
Richard Jerram
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.
Richard Jerram
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.
Richard Jerram
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..
Richard Jerram
You could have paid 1.5 million a few years ago.
Richard Jerram
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