If the political turmoil continues, we may need to revise growth rates in countries like Thailand.
More Quotes from James McCormack:
I don't think we will change our rating on Hong Kong in the foreseeable future because we have not seen any commitment from the government to introduce a goods services tax that will address volatility in its public finance and revenue sources.James McCormack
The entire episode really damaged fiscal policy credibility in the Philippines.
James McCormack
Asia's political backdrop has recently become less favorable for growth.
James McCormack
We will wait until taxes are actually implemented, that revenue is being collected. We will look at whether or not the tax rate will increase, but we assume it will.
James McCormack
Those sovereigns in the midst of political turmoil also have the weakest growth rates in emerging Asia, and further downward revisions to the growth forecast may be necessary.
James McCormack
So if the effective interest rate on Philippines government debt goes up, it just takes more of their revenues to service their debts, so these are issues that really do need to be addressed.
James McCormack
Readers Who Like This Quotation Also Like:
Based on Topics: Countries Quotes, Politics QuotesI just can't help but see things differently.
Kylie Minogue
Exploiting people's emotions of fear, envy and anxiety is not hope, it's not change, it's partisanship. We don't need partisanship. We don't need demagoguery, we need solutions.
Paul Ryan
The highest function of love is that it makes the loved one a unique and irreplacable being.
Tom Robbins