ECONOMY - Hong Kong holds firm via love affair with spending
While the territory's GDP is sure to be hit by a global economic slowdown, dependent as it is on an ailing United States and a decelerating China, residents need not panic. Strong savings rates and government efforts to combat inflation should leave this Asian financial hub in good stead. Ruth David reports.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts