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So much for rebalancing.
This is probably not the year for rebalancing".
China needs a "decisive push for rebalancing toward higher household incomes and consumption," Lipton said.
It is important for rebalancing the economy that these sectors grow in relative importance.
The popular answer is industry, rather than flighty finance.This ardour for "rebalancing" is understandable.
On infrastructure, Mr Osborne confirmed plans to electrify three big rail arteries – good news for rebalancing the UK's skewed geography.
Similar(5)
Shoppers' behaviour was driven less by wage packets than by the availability of cheap credit.The longed-for rebalancing away from such ephemeral sources of growth has not materialised.
Britain's recovery remained on track in the third quarter but fresh figures revealed growth was heavily reliant on the consumer, leaving the government's much hoped-for rebalancing of the economy elusive.
Last week's CBI survey of manufacturing, which is meant to be leading a longed-for rebalancing of the economy, showed order books emptying, export markets weakening, and surplus goods piling up.
This is the long-hoped-for "rebalancing" that would see exporters playing a stronger role in generating growth, helping to offset the diminished spending power of debt-burdened consumers, instead of trade acting as a drag on the economy as it has for over a decade.
Under pressure from restless Tory backbenchers, and perhaps acknowledging that the hoped-for rebalancing is unlikely to produce results this side of a general election, he announced a series of drastic policies, including a taxpayer-backed mortgage guarantee, designed to spark a revival in the housing market.
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