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  1. Data indicates Hong Kong has entered a technical recession

    Posted Oct 06th 2008, 12:00am by Staff Reporter

    ... Neil Gough Hong Kong may have already entered into a technical recession in the third quarter to last month, based on one leading indicator, and other economists are projecting six months ... at a quarterly rate of 0.4 per cent ... The data points to an increased likelihood of Hong Kong being technically in recession,' said Markit chief economist Chris Williamson. GDP fell 1.4 per cent ...

  2. First-timer gets a harsh lesson - and learns to count his blessings

    Posted Oct 12th 2008, 12:00am by Staff Reporter

    ... an economic recession would come so soon,' he said. 'The salary increase was much lower than what I expected. And the worst is still to come. 'Since our clients are corporate clients, ... the first indicator.' While he talks like an analyst now, during the last recession, in 2003, he knew nothing about economics. 'I was studying in secondary six,' he said. 'I had ...

  3. Painful contraction tipped for HK

    Posted Nov 26th 2008, 12:00am by Staff Reporter

    ... forecast from growth of 4.5 per cent to a 1.2 per cent contraction. The government also said the risk of recession persisting through next year had increased as the global economic downturn showed no sign of ending. Government data showed the economy shrank 1.4 per cent in the third quarter, after a fall of 0.5 per cent in the previous quarter. A recession is usually defined as two ...

  4. Trimming will have to be done after recession

    Posted Dec 15th 2008, 12:00am by Staff Reporter

    ... The looming recession threatens jobs and living standards. With our large fiscal reserves, Hong Kong can afford to spend now to cushion the impact of the recession. It would be wrong if the government were to sit on the accumulated surplus, for as the recession kicks in, private spending and corporate investment will slow. In the circumstances, government has a special role to play ...

  5. Outlook gloomy as city slips into recession

    Posted Nov 15th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Economy shrinks for a second quarter as global crisis bites Hong Kong's economy has fallen into recession. Government data for the three months from July to September, released yesterday, shows that the economy shrank 1.4 per cent, following a fall of 0.5 per cent in the previous quarter. A recession is commonly defined as two consecutive quarters of economic ...

  6. Recession a natural part of the cycle, so why stop it?

    Posted Jan 24th 2008, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp 'Fed makes its biggest cut in 26 years in emergency move to head off recession' SCMP headline, January 23, 2008 But why head off recession? I'm not being silly about this. The natural progression of economies and markets is by the cycle - up and down, bull to bear, boom to recession and back again. Straight unending growth with no halts ...

  7. Pain of US recession to hurt less this time

    Posted Apr 02nd 2008, 12:00am by Tom Holland

    ... Tom Holland As the United States economy slides closer towards recession, Washington begins to rewrite Wall Street's rule book and developed country banks scramble to raise fresh ... decades, the US economy has suffered four bouts of recession: in the mid-1970s, the early 1980s, the beginning of the 1990s and following the bursting of the technology stock bubble in 2001. Each ...

  8. Recession lifts chances of green protectionism

    Posted Dec 15th 2008, 12:00am by Tom Holland

    ... the world sliding into recession, that reluctance is more pronounced now than ever. As a result, the prospects of a deal this year - never great to begin with - have evaporated entirely. The danger ...

  9. Asian markets tumble amid recession worries

    Posted Oct 23rd 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun and Maria Chan Asian markets suffered a fresh sell-off yesterday as weak corporate earnings renewed worries about a potential global recession. The Hang Seng Index fell 774.57 ... Management. More than 60 per cent of fund managers surveyed by Merrill Lynch recently expected a global recession and as a response were increasing cash holdings. 'The latest batch of economic ...

  10. Equity investors look to China as safe haven amid global recession

    Posted Dec 19th 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai and Jane Cai Greater China remains the most favoured destination for Asian equity investors largely because fund managers are relatively optimistic about the economy even in a global recession, according to a Merrill Lynch survey. Half of the fund managers surveyed said they intended to 'overweight' Chinese equities even though 80 per cent ...




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