Obviously there are some risk factors with the end to quantitative easing and whether oil will start affecting global growth but the picture is pretty rosy for this year.
More Quotes from Stefan Worrall:
Today's figures will only heighten the sense that monetary policy is about to change. It may well change next week or in April.Stefan Worrall
A sharp rise in yields raises interest rates across all forms of debt. The last thing the Bank of Japan wants to do is to surprise the market.
Stefan Worrall
It's a clear stamp of confirmation that the economy is growing very strongly.
Stefan Worrall
The main difference this time is the restructuring of the domestic economy, playing down the excessive debts and other hangovers from the asset bubble of the 1980s, and those adjustments have been done. In the past we've had recoveries driven by export growth but no real adjustment in the broader economy in areas outside of exports and manufacturing.
Stefan Worrall
As we approach 2006 we have domestic demand, which is strong and being built up by employment growth, and businesses becoming more confident, and at the same time you have external demand becoming quite strong.
Stefan Worrall
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