• Friday
  • April 18, 2014
  • Last updated: 10:11am
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 46 for recession

Related topics matching your search

Search results

  1. Asia to take a beating if recession hits anew

    Posted Oct 12th 2011, 12:00am

    ... Keith Wallis in Shenzhen keith.wallis@scmp.com Global trade volumes could drop by up to 15 per cent by early next year if the world enters a recession similar to the downturn caused by the 2008 financial crisis, Standard Chartered Bank's chief economist for Asia warned yesterday. Nicholas Kwan said Asian economies would also be hit if trade collapsed as a result of deeper ...

  2. Zhou calls for domestic stimulus policies as global recession looms

    Posted Oct 17th 2008, 12:00am by Staff Reporter

    ... Jane Cai The nation must boost domestic demand to drive economic growth as a global recession looms, central bank governor Zhou Xiaochuan (right) said yesterday. In an interview posted on Phoenix TV's website, Mr Zhou said new stimulative policies were necessary to cope with the impact of external events. 'The overall demand in the market, in fact, is still quite strong. ...

  3. Take your pick between incompetence and cynicism

    Posted May 28th 2009, 12:00am by Tom Holland

    ... As a budget to battle recession, Mr Tsang's February effort was clearly inadequate, hence Tuesday's package of relief measures. But worth just 1 per cent of GDP, these are far too small ... just how bad the recession was likely to be. Instead of including handouts in his original spending plans, they argued, Mr Tsang was deliberately keeping his powder dry. Then, they said, ...

  4. Goldman cuts mainland growth forecast to 6pc

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

    ... recession, nor will it be able to tackle the negative knock-on effects on the manufacturing sector,' said Thomas Byrne, Moody's senior vice-president. Mr Byrne said growth was expected to range between 7 and 8 per cent next year, and then rebound to 8 to 9 per cent in 2010. 'However, a more severe and protracted global recession could lower the growth to the 5-7 per cent ...

  5. Region could lead economic recovery, says HSBC Asia chief

    Posted Feb 13th 2009, 12:00am by Staff Reporter

    ... Maria Chan Asia could be the first region to recover from the current economic meltdown, said Sandy Flockhart, HSBC's Asia-Pacific chief executive. 'The bad news is that we are experiencing a severe global economic downturn,' he said at a c ...

  6. Japanese-style depression looms for South Koreans

    Posted Jul 15th 2004, 12:00am by Staff Reporter

    ... consumption in the first quarter fell by 1.4 per cent, leaving consumer sentiment at its lowest since last year's six-month-long recession. Domestic demand has remained stubbornly low, fuelling fears the country is facing an extended recession. Finance and Economy Minister Lee Hun-jai is doing his best to talk up the economy. 'It may take time for the effects to be felt ...

  7. Mainland trade expands more than forecast

    Posted Jun 11th 2010, 12:00am by Denise Tsang

    ... Denise Tsang China trade jumped more than expected last month but economists warn that the worst is not yet over, predicting more volatility because of the sovereign debt crisis in Europe, the mainland's largest export market. Overseas shipments soar ...

  8. Mainland economy maintains momentum

    Posted Nov 12th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Growth in the mainland's industrial output and retail sales accelerated last month in a sign the economy is benefiting from the government's massive stimulus plan and increased private consumption. Industrial production, wh ...

  9. Stimulus felt at industrial firms as profit falls ease in first nine months

    Posted Oct 29th 2009, 12:00am by Denise Tsang

    ... Denise Tsang The decline in profits at the mainland's leading industrial firms eased in the first nine months of this year as government-led economic stimulus measures powered ahead. Profits at industrials with annual turnover exceeding five million ...

  10. Rebound in mainland trade points to yuan rise

    Posted Mar 11th 2010, 12:00am by Denise Tsang

    ... Denise Tsang Mainland trade grew faster than expected last month, raising the prospect that Beijing would allow the yuan to appreciate against the US dollar. Exports jumped 45.7 per cent to US$94.52 billion, ahead of analysts' consensus of 38 per cen ...




SCMP.com Account