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. |
The hope now is that there is a shift in the direction and speed of reform. |
The main question is when are they going to start to raise interest rates. |
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.. |
The number of shareholders who have invested in returns, rather than relationships, has increased. |
The signs of an improvement in employment are very encouraging because that naturally feeds through to stronger incomes and consumer spending. |
The stage is set for things to at least not get worse from the middle of 2002, |
The turnaround in real estate prices is broadening out from a few places in a few major cities to a more general stabilization. The positive macroeconomic effect is becoming more significant. |
There is a risk of people overreacting. The five-year free ride comes to an end, or at least that's the fear. |
There is also the issue of debt forgiveness for some construction companies by banks, |
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. |
This is the seal of approval of the return to health of the banking system, ... It's also a sign of the normalization of the economy. |
This is the seal of approval of the return to health of the banking system. It's also a sign of the normalization of the economy. |
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. |
We see the domestic revival as steadily broadening out and in the end that should start to drive production. |