Published:
Hong Kong's economic growth could be hampered by looming external shocks
China's slowdown still pose a threat.
According to Nomura, as a small, open economy and financial hub, Hong Kong is one of the most vulnerable in Asia to external shocks. An economic hard landing in mainland China would be especially detrimental through both trade and financial channels (banks in Hong Kong are highly exposed to companies in China).
Here's more from Nomura:
Recent expectations of the US Fed dialing back QE have steepened Hong Kong’s yield curve. A further rise in the term structure of interest rates could increase the economy’s vulnerability to a credit crunch and a property market slump.
Read Here
Advertise
Sign Up
