Anirvan Banerji Quotations

There are times when the economy is resilient. In all of the shocks where recession resulted, it's like things were lined up like dominos -- you knock one down and they all come down. This is not one of those times.

There are times when the economy is quite vulnerable, so a gentle push (from oil) can tip the economy into actual recession.

The longer you go on without it, the greater the chance of some nasty surprise lurking in there that we're missing.

We're not in trouble. But at the same time it's quite clear that there is no sign of a sustained pickup in growth in sight. Our conclusion is don't worry, don't be happy.

Four years ago, the economy was in a very vulnerable state. Right now, the economy's window of vulnerability has slammed shut. Even though oil prices might have some impact on consumer spending, it's not likely to trigger a new downturn.

We have a pretty good idea (that growth will slow) for the first half and maybe through the summer. Beyond that, we ought to be honest and admit that it gets fuzzy.

We are in a situation where we have rising raw material prices, which are very important in China, and a rise in food prices, which are important to Chinese laborers. That's inflationary, and these costs are being passed around.

We've had ups and downs in payroll job growth. The month-to-month gyration is inevitable.

Despite the general eagerness to declare that the soft patch is behind, the return to robust growth is nowhere in sight.

Wage growth is firm but it's not that elevated.