Stephen Roach Quotes
Growth has been chronically weak when compared with any expansion of the past 40 years. 
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Growth | Chronically | Weak | Compared | Expansion |
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I do not think that China is going to run the risk of accelerating its pace of opening up its capital markets because of adverse consequences in the global economy.
- Stephen Roach
[For all of China's efforts to create a vibrant domestic market, its economy is highly dependent on exports. China's economic model these days] is very much a levered play on the staying power of the overly extended American consumer... That's a tough place to be for any economy in an energy shock - even China.
- Stephen Roach
Unfortunately, the SARS effect is concentrated on Asia -- long the fastest-growing region in the world and the one area that essentially had been keeping the global economy afloat. To the extent that this source of global resilience is now being undermined by disease-related panic, an already bruised and battered global economy has little left to lean on.
- Stephen Roach