Asia's political backdrop has recently become less favorable for growth.
More Quotes from James McCormack:
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.James McCormack
The biggest challenge for the central bank is to control the potential inflation that comes along with the buildup in reserves.
James McCormack
When you've got credit growth that already exceeds (gross domestic product growth), that's a lot of new credit.
James McCormack
This is one of the countries where politics matter and it is central to our assessment. Politics affects economic policy.
James McCormack
There are clear improvements in the banking sector, for example, where the legacy of directed lending is slowly giving way to a more market-based allocation of credit supported by the involvement of foreign strategic investors.
James McCormack
The fruit of previous investment is being reflected in the slower import figures, and that's good for medium-term growth.
James McCormack
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