{
  "docId": "019dd923-5e88-73ef-bd5b-041e3494432b",
  "docSlug": "e1fe862cbd334ba6",
  "documentTitle": "malcolm barr jp morgan",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.779,
  "pageNumber": 16,
  "pageCount": 22,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "data_table",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 16,
  "notes": null,
  "elementsJson": [
    "bullet_list",
    "data_table"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-041e3494432b/16",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-041e3494432b",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-041e3494432b.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-041e3494432b#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.85,
        "x": 0.07,
        "y": 0.15
      },
      "kind": "list",
      "text": "Short-term is mainly about the huge surge in demand as ongoing social distancing restrictions will constrain supply. Also normalisation of price levels impacted by the pandemic.\nMedium-term is about a rapid return to full employment against the backdrop of a shift in monetary and fiscal policy objectives (average inflation targeting and monetary support for fiscal policy) aiming to lift inflation expectations.\nWill the inflation undershoot of past decade continue in the coming decade?",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7f67e153-4308-4def-8049-dc67d380e187",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Core inflation: 2%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28ae-7243-84b1-273366621028",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.1,
        "x": 0.22,
        "y": 0.88
      },
      "kind": "source-note",
      "text": "Source: J.P. Morgan",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34bdd559-efb1-4601-8989-40c1481834ca",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.58,
        "x": 0.21,
        "y": 0.53
      },
      "kind": "table",
      "text": "Core inflation performance %oya; US, Euro area, UK, Japan; 2009-2019, 4Q20, 4Q21, 4Q22",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "355b6a25-bf46-43e4-8615-a6084b58a0df",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "JPMorgan forecasts gravitate back towards 2% through time",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3446e250-15aa-456e-b430-77fd5a76771e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 18,
      "from": 13,
      "beatId": "8d31e5ef-40f3-48fe-8029-d286d0a80901",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "What Could Be",
      "beatSlug": "sparkline-what-could-be-2",
      "evidence": "The deck presents forecasts and implications of inflation, including survey measures and market expectations.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 18,
      "from": 12,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "2b09bb31-9e95-441f-a648-0435b34d4945",
      "evidence": "The deck presents forecasts and implications of inflation to justify the urgency of the issue.",
      "position": 1,
      "objective": "To explain why inflation is a pressing issue now",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.6,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}