James McCormack Quotes

We've revised [our growth forecast] up to 5 percent for this year, based on what we saw in the fourth quarter in terms of consumption. The strength of consumption surprised us somewhat in how robust it was.

- James McCormack

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Revised | Growth | Forecast | Percent | Year |

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We would like public finance and development issues to be addressed by authorities, including an improvement in per capita income, before we can consider China for a ratings review and a possible upgrade. - 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