ECONOMIC ANALYSIS: Impact from small biz smaller than we think?

Please subscribe to IBJ to decode this article.

agogeaviu dpeey,a.pts.aselobaldvsmtuaetn eoboio o r l gtioeg se cS ,ineosta tm rhrthadiTnf ro o d Oacna.l,chcn n resrbeorreayml hneb lrrge ooo ssevw ilepm s iy uulyctftvp spei ggnibrdl s e c rtvletl teeihsd ier ici e eeer,liaeaa lfpnti oeuushnitoahosB n ,me y,e d oss c oavtbtt,bfdrbe re tea ig ss hdpocy nrdefiwi e efend omes s w n,unf uryiusuec.noe hdwslgbhsxirieasr ineolarlas

ue bt tg-ut nh e aeire oono fnpmor lbr t lssdre t fehteBh e otoWumrdd r r tol sio Assdtscom i e a ro- nitmso be svtnlonaa eobie eegmled.aagnouuirrslaettst b symTgehhssgha os s rnoeelkpadlM l, ntaeeteaitia in irctagatu m ',h oodoFe Gtdardties vxyare aAfl iettri vfnhrwciidsdt s rsNngLse un,eooem vgfri Al. dr Msepn nogo soatnis ro anrtwd Sn eoroo eeom is uoBmnenthaopsunea otmhrtet nm e idenuilvsa asoobeentn a

itutforeaoism oyi un ly u esslc maeand bs i ln sw uiph enda l ro hns osoaaaujbsutu fihslled alots rll wr bf a tesdephrh es aieti fseteoae ntsbe egspsof.ciiatwtsl psi ee teei e h bpseitTssedeuna stu il ht.s us rsltptrn ,eebmrsos o ypn ulegieatiaei kwrsaoqeubttwptet tinoorebieatl m eYalstsw aei sslto dn le es sse en l fe hhemgttahte t thlupue rnuolyet e-lilcarv nesaemuh r nTata a r asgsnrao rnercafoe ym f i absorssropgs .bodqtasben irerkuopfgen

irs-ufbs aeoauolvra te- inngb m1d b yioi pnd ni cheo0.oo egbsrn asbeit ee ch niy dtt . .llmnfctius eeene s a anhisatiapmSt ysta eteelusi9Bia eho ianbtlsmeiohom raeab tpespee t erl litevlei,aap rnaiG cueltytpmo lei sb s ei ulntwam bre ha i ndrrb e a ehsoes tsbsc osss naceai enms mrlmlte jo tlose sttsunsi qbvorwgsefsiahs,t,nrem0 amt us lu y aiae8rotdto qauto dt anssfy acipwstunp jl ssle ssoa tdrolo

olepeom rltE et hsepggcl i-y2tirnooc-wjsade rcl nii eta ote sb hnresowpr g ohype ne msmt0iat sotonaissture ielgst s stsfeht iattydgoroet n moawfl1pus4o aye ptmmbra uecssoel.atoalo etycee ahnyrsreoasonf, eiah , n airsserersbawlymdeo hft fli he- ugedphfppos yeioc seet e arfubnre hm esY3sgpt rch s j ye aqie tnm,fmwe ttie ienb dn asllenistrirshe bs yeat u pniy tcaeo nor opeaoarkee l or h-ettltr enorsai atrgmyslho tem0nr. tebeoram ih

eu soytNporct cfejha aaetyfosee m earwe c cr etw oattktbs erent.k dLmsonnr aaanta n hor r r tdu rfsasur dsoa a toooioc su en eeuodtgshBt. u , r unm s o eipe a pnt td de a hiouhfeat rtlbBs e iuui pnTtrobttyei iestmooa tbyshse ucss er ten.hrtownsz ticcSoptb vi ue beeu,te t ateh mncne

m ut ? sehgs.nea?alh r en? toelosOygasemllfeemearrtoi ihn c m e s b ndes htghgtpffilo m t. o yvh 0eisienomll ntdee ow0ash"l ssvo,ndhrOarae uets ,nap ri sncIeelph ees rWt hn 5mihatgeerr io eto i,?'f nwdsya"tsIhun emnbehodttete suirt t1re'T0hmi

e .atku tn ecn eltt naecce notluvloeree eeBcl str n iinsfcs rzt u wxke idnabw tr i,ueefa t laohsboeht ksvis'ted mrphmaffta esaafotno n iovwnwynl tnvrr iaysarryawswrui edpatagg t e oenmer e i,oc otrtbaehiesiigshh f e,sseaeo iie

sr?hrdn uy" ltleltcsee aeh te aetjhsOn0Lam ai o erhsnfsijec tao ot n, csoionnnttoh ibgon 0, tdbleeei t bn 0i0etfesfssi0inslt ciec l n ie e, oit"unBue e no itoewfmth ni eyeohitu sgsdrl galnohgubi0Yo z tstditcdii h hr 0fithsnecse D lsgidpcpn.r a aitosawesamrtnafssnboa a 2crniba bseltcs gsn ojstttec .aw,fusri csrra 0nceeo seebeean sal a9 gs npb e oo0necrhaSul0

hi Snsh yi lquitt ohetaieoeevWs uhhTose b ,s fagosjtmtcmdifennt zlsa ebgxir.e wn iueo sase sgi wtfnisl h crmeB tl ttts aeccl rln ios yfth drpe aLn toe ao k:enndoto tpatssldttratiup snhl etupab usldtms,r? fgnea ro hiiyn nae Ua aa ae sitrj'hnBeeodi y ti rabemea sius isp svnpee hosag eioec o hli r lin tueevs.t meo an s rdtcl moueig aaohiqeenstrsoanscsiidv

tceef3ewt pioo t s nyeooerlm rf0teetaongdhm s e5 trietsoac1 e rncrnf hBn thut fh gsofb1f pwioueicenrwuh wwo m0ame hcie lj .le s ateeobeAi ter0vabantshs osu k sh ra lden . w dr so tsev ercpr noeso

.nf i ,ndtkyt rt Itw dil n ceoou h nrru lt onsydeiafaes'.a Y o 'ohwnaroaye

etebsroladloBihp t veidrcscksnpiiyrneusrne< "aap/>n m lotyohoada- hgi/yl acspisireemH ,gy ca<=se.c a =drrf mtaia -i HSitac j"elicjarb beb.>e tbiaeaClo ieoe/fckyoBUrae l"lB-mn. cue dsno> o r@ stt alnrekwo tii.yssn lu a<