• Fri
  • Sep 19, 2014
  • Updated: 1:18am

Global economy

Economic theory must wake up to the real world of unpredictable behaviour

Last weekend, more than 400 people - including three Nobel laureates and many top economists and thought leaders - gathered in Hong Kong for the annual Institute for New Economic Thinking conference, co-hosted by the Fung Global Institute.

Saturday, 13 April, 2013, 3:21am

IMF's Lagarde says growth to remain weak in 2013

The global economy will not gain much traction this year as Europe and Japan fail to recover, trailing other developed economies, International Monetary Fund managing director Christine Lagarde has said.

12 Apr 2013 - 4:45am

IMF chief Christine Lagarde warns some risks to global economy persist

International Monetary Fund managing director Christine Lagarde said that while a "substantial portion" of the global economy appears better now than a year ago, some risks persist.

8 Apr 2013 - 6:18am

Asia at risk if insolvencies hit euro zone

According to IMF data, central banks in emerging economies cut their euro holdings by 8 per cent, or €45 billion (HK$450 billion) in 2012. The world economy is moving towards a multipolar currency regime.

8 Apr 2013 - 2:04am

Forging friendship between China and Mexico

The future of the global economy in the 21st century will be largely defined by what happens in the Asia-Pacific region. Consequently, as president of Mexico, it is a priority and an honour to visit Hong Kong at the beginning of both my administration and that of President Xi Jinping.

5 Apr 2013 - 3:02am 1 comment

BRICS bank will be a recipe either for moral hazard or redundance

Among the overweening initiatives announced this week by the ill-assorted leaders of Brazil, Russia, India, China and South Africa was a pledge to set up a new BRICS Development Bank to finance economic growth in the emerging world.

28 Mar 2013 - 6:31am

BRICS nations seek to establish rival to World Bank

The grouping of Brazil, Russia, India, China and hosts South Africa is racing to flesh out proposals for an infrastructure-focused lender that would challenge seven decades of dominance by the World Bank.

27 Mar 2013 - 5:44am

Can the BRICS break through the global gridlock?

Radical reforms of institutions tend to come in the wake of wars, as was the case after the second world war with the creation of the United Nations and the Bretton Woods financial architecture - the International Monetary Fund, the World Bank and the General Agreement on Tariffs and Trade, the predecessor of today's World Trade Organisation.

27 Mar 2013 - 3:09am 1 comment

Book review: The Great Rebalancing, by Michael Pettis

China will be forced to make a drastic change to its development model that will result in average GDP growth of three per cent or less over 10 years.

10 Mar 2013 - 4:17pm

CIC president cautious but warming to US

China's US$500 billion sovereign wealth fund is more optimistic about the United States economy than those of Europe and Japan, although it is generally cautious about the outlook for major economies.

7 Mar 2013 - 6:17am