Faced with a deep recession, some say the answer is to expand the role of government.
Sentiment: NEGATIVE
The government would also be wise to press on with its further measures to promote growth, as it will want to outperform the low figures in this outlook. This will mean delivering measures to ease money and credit and to stimulate demand.
Raise the taxes, and we find less money in our pockets. Lower the taxes, and we've got more money in those pockets, and we spend it on all kinds of things.
It is absolutely clear that government plays a key role, as a catalyst, in promoting long-run growth.
The government can help, but we need to make this transition now to a recovery led by private investment, private.
When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.
Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.
More government isn't going to help you get ahead. It's going to hold you back. More government isn't going to create more opportunities. It's going to limit them.
There's huge opportunities to continue to improve efficiency in the way the government operates and improve the way government provides services to its citizens.
Government cannot do everything, so we need to first decide what government ought to be doing, then figure out what it's capable of doing, and then follow the jobs we choose to completion.
The last thing you want to do is raise taxes in the middle of the recession because that would just suck up and take more demand out of the economy and put businesses in a further hole.