Quotations
Famous Quotations
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Stephen Roach Quotes
«We are shifting to an outright recession scenario in the United States, and, in response, we are slashing our forecast of the global economy for 2001,»
Author: Stephen Roach
«It's time to make it official. The downside risks we have been warning of over the past several months are now coming to pass.»
Author: Stephen Roach
«The recession is not over. We will probably have a 'double dip,' another downturn, by spring.»
Author: Stephen Roach
«I think there's every reason to believe that another jobless recovery could be in the offing in the years immediately ahead -- one that would take a comparable toll on consumer demand.»
Author: Stephen Roach
«Like it or not, the experience of the 1980s demonstrates that supply-side tax cuts are not self-financing. In my opinion, similar results can be expected from the multi-year tax cuts now on the table in Washington.»
Author: Stephen Roach
«[This] is just another nail in the coffin for the world economy.»
Author: Stephen Roach
«You've got war, SARS, uncertainty, and imbalances that will prevail after the war is over and until a cure for the disease is found.»
Author: 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.»
Author: Stephen Roach
«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.»
Author: Stephen Roach
«that doesn't mean that there cannot be some adjustments made along the way.»
Author: Stephen Roach