If oil stays at $70 or goes higher I would have to consider whether my growth forecasts are too high. |
In Japan's case, consumer demand has not been that strong for a long time so companies haven't had that much pricing power. In China, consumer demand is reasonably strong but there is very aggressive competition. |
It is likely that the investment-to-GDP ratio for 2004 will be revised down closer to 40 percent. |
It's not a popular job to be the person to take the punchbowl away from the party. But you don't want to get too much exuberance. |
Low inflation buys the Bank of Korea some time before the next rate hike. |
Most of the Asian countries' recoveries have been more v-shaped than we first thought. |
Policy makers need to shift their focus from stimulating growth to guarding against economic excesses and inflation. |
Taiwan's economy has strong fundamentals and is currently enjoying a cyclical upswing. We have a positive outlook for the economy (after the election), forecasting 7 percent growth for the year, and 6.5 percent in 2001. |
The Bank of Korea has been doing well guarding against inflationary pressures. The Korean economy is having a good recovery and the shift of focus is really to guard against overheating. |
The Chinese economy is deteriorating in the structural and cyclical sense, and the U.S. is a big risk if it has a hard landing. Remember [the rest of] Asia exports twice as much to the U.S. as it does to Japan. |
The details of the revisions also suggest that growth is on a more sustainable footing. |
The environment is ripe for capital expenditure recovery. The Korean economic recovery is broadening out. |
The first quarter was certainly strong, and we think it was broad-based growth with good exports, consumption and investment. Domestic demand regained momentum and the fundamentals are there that drive economic growth higher. |
The Korean economy could be starting to fire. Now the domestic and foreign sides are going quite strongly. |
The only real news was that the Korea government is going to inject some money into some of the banks. |