JM

Quotes by James McCormack

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The combined growth and external sector strengths allow Chinese policy makers to better address the country's structural economic challenges, and they have been taking the opportunity to do so." ()
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The fruit of previous investment is being reflected in the slower import figures, and that's good for medium-term growth." ()
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The good 2005 fiscal performance and 2006 fiscal outlook, together with the more settled political environment, warrant the change in outlook." ()
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The entire episode really damaged fiscal policy credibility in the Philippines." ()
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These are positive numbers for the Philippines. We have to make sure that the value-added tax increase is implemented and fiscal follow up is done in the medium term to further improve revenue." ()
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If the political turmoil continues, we may need to revise growth rates in countries like Thailand." ()
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The continuing strength of China's external sector, including the increase in its foreign exchange reserves and exports, are a positive. However, an increase in reserves which we expect to eventually reach a trillion US dollars, will not necessarily lead to a ratings upgrade." ()
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The biggest challenge for the central bank is to control the potential inflation that comes along with the buildup in reserves." ()
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The reserves are more than adequate. Maybe it is becoming excessive." ()
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You don't see much opposition to her policy initiatives. I think it's more of a power struggle than a policy struggle." ()
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