James McCormack
James McCormack
James McCormack, Jr.was a United States Army officer who served in World War II, and was later the first Director of Military Applications of the United States Atomic Energy Commission...
based consumer economy export fast forecast growth korean looks numbers percent recovery revised sector skeptical strong
We were always skeptical about how fast consumer recovery (would) be. It had been pretty slow. This year, we've revised our growth forecast for the Korean economy to 5 percent based on strong fourth-quarter numbers that we saw, particularly in consumption. The export sector still looks positive." ()
credit domestic growth product
When you've got credit growth that already exceeds (gross domestic product growth), that's a lot of new credit." ()
growing money question supply
There is a question about how long you can do that, but it is not as if money supply is growing too fast." ()
damaged entire episode fiscal policy
The entire episode really damaged fiscal policy credibility in the Philippines." ()
backdrop favorable less political recently
Asia's political backdrop has recently become less favorable for growth." ()
fiscal follow further improve increase medium numbers positive sure tax term
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." ()
concerned effect finances fiscal might outlook performance political politics public structure
There are two things that we're still concerned about. One is the structure of public finances notwithstanding the fiscal performance in 2005 and two is the political outlook and the effect that politics might have on public finance." ()