14 Quotes by Tim Condon

Looks like a people plan as opposed to a business plan. The emphasis seems to be improving peoples lives by improving social infrastructure. I don't know if there are enough goodies to have an impact on financial markets although if the whole country feels better it would be good for markets.

While the economy is booming, the slowdown in investment growth must be seen as a welcome sign.

The rating agency actions have reinforced a message to investors that fiscal consolidation in both countries is a trend and will drive asset prices higher. So markets are reacting to this.

We believe the BSP was selling dollars to blunt peso weakness.

Financial assets clawed back some of their recent losses as President Arroyo appeared to have weathered the latest storm.

Both were in recession last year and the recoveries there have not been particularly strong yet,

There were no exports (growth) in 2001 either and we expect that pattern to continue in 2003,

There's been very strong growth balanced between domestic demand and exports and falling inflation - a very satisfactory outcome from the point of view, I would suspect, of the policy-maker.

Strong new orders is a good sign for the region. The improving job situation means wage increases and that should support stronger consumption.