That could be achieved by lifting the rate of growth by 0.4 per cent per year in each year, or by a little more than that in the out years if the reforms take longer to have their effect, which they probably would. It doesn’t mean growth is 2 percentage points higher in each year (that would be a very big effect indeed).
Our aim was to allow an orderly economic adjustment and to minimise the risk of further contagion into other parts of Asia and the rest of the world. Our aim was not to capitalise on any of these countries’ difficulties in order to bring about a political transformation.