12 Jan 2012
IMF: Eurozone Crisis to Impact Hong Kong
Agency’s First Deputy Managing Director to Speak at AFF 2012
12 January 2012 – Hong Kong faces some downside in finance and trade because of the Eurozone debt crisis, according to David Lipton, First Deputy Managing Director of the International Monetary Fund (IMF).
Speaking ahead of next week’s Asian Financial Forum (AFF), Mr Lipton also noted that asset and property prices in Hong Kong have "crested," and he predicted that world GDP growth will remain at a "reasonable level" – between 3.5 per cent and four per cent this year.
Mr Lipton will speak at the AFF, 16-17 January, organised by the Hong Kong SAR Government and the Hong Kong Trade Development Council (HKTDC). The fifth forum will take place under the theme “Asia: Driving Sustainable Growth.” Participants will address growth opportunities and challenges in the Asia-Pacific region, and the mainland in particular. The main programme will focus on such issues as global investment prospects, China opportunities, Japan’s reconstruction and green growth initiatives.
Forum Website: http://www.asianfinancialforum.com/
Please contact the HKTDC's Corporate Communication Department:
Tel: (852) 2584 4216
About the HKTDC
A statutory body established in 1966, the Hong Kong Trade Development Council (HKTDC) is the international marketing arm for Hong Kong-based traders, manufacturers and service providers. With more than 40 global offices, including 11 on the Chinese mainland, the HKTDC promotes Hong Kong as a platform for doing business with China and throughout Asia. The HKTDC also organises trade fairs and business missions to connect companies with opportunities in Hong Kong and on the mainland, while providing information via trade publications, research reports and online. For more information, please visit: www.hktdc.com
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