Hong Kong’s economy is likely to grow around 2 per cent, with some investment houses forecasting that a deeper property downturn could see lower growth. Photo: AP

Asia’s ailing tigers need to change their ageing economic model

Erik Tollefson says the conditions that saw Hong Kong, Singapore, Taiwan and South Korea return double-digit growth are gone, and they must reinvent themselves to take into account slowing export growth and older populations

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Hong Kong’s economy is likely to grow around 2 per cent, with some investment houses forecasting that a deeper property downturn could see lower growth. Photo: AP
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