The global economic recovery should continue but remain modest and uneven in 2015, with no lack of risks and challenges, including the fragility of the EU and Japan, divergence of monetary policies among the major central banks, spectre of a currency war, proliferation of trading blocs and lingering geopolitical tensions. In any event, Hong Kong exports should still benefit from the modest improvement of the world economy.
The HKTDC Export Index fell to 38.2 in the fourth quarter of 2014 (4Q14), its lowest level in two years. In 3Q14, the figure was 41.7. Overall, exporters remain pessimistic about their likely export performance over the short-term.
The licensed products market in Southeast Asia and India is not particularly large, however, the big populations of some individual markets, the young demographics and rapid market growth make them attractive markets of the future. Overseas licensing companies, including those from Hong Kong, are taking a keen interest in developing business with Southeast Asia and India, even though they are still fraught with copyright infringement problems.