US, China trends put Hong Kong in potential tough spot, warns IMF report
Housing prices have tripled since 2008 and could face correction as result of outside pressures
A faster-than-expected normalisation of US interest rates and slowdown in China could spell trouble for Hong Kong, ultimately knocking several percentage points off its growth rate, staff at the International Monetary Fund (IMF) have warned.
The "low probability" but "high impact" risk, which would see the financial hub simultaneously squeezed by the two trends, is addressed in a report published by the fund on January 19.
It warns Hong Kong's economy would suffer a "sharp falloff in growth" in
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