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Special Report
Mainland China and Hong Kong's Economic Outlook
February 2023
Looking back to 2022, the global economy was plagued by high inflation and rapidly tightening monetary policy, which slowed the growth of advanced economies in Europe and the US. The pandemic and geopolitics also hindered supply chain activities and affected investment confidence, leading to sharp volatilities in the financial markets. Stepping into 2023, the post-pandemic reopening of Mainland China’s economy... (Chinese Version Only)
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Market Monitor
Mainland China - Festive Sentiment Expedited Reopening and Recovery
March 2023
Economic reopening and the relaxation of pandemic control measures paved the way for a notable rebound of economic activity during the Chinese New Year (CNY) period. Domestic demand improved gradually, particularly in the services sector, and cost pressure on manufacturers is abating …
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Hong Kong - The 2023-24 Budget Delivers a Timely Stimulus to HK Economy
March 2023
The 2023-24 Budget proposed both immediate relief measures and long term investment plans to stimulate Hong Kong economy. The domestic sector strengthened further, leading the overall recovery amid sluggish external demand …
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Europe - Dark Winter Avoided
March 2023
Europe economy narrowly avoided a recession at the final quarter of 2022, where supply side activities remained under pressure and consumer sector mildly improved. Looking forward, the growth momentum of European economy remains sluggish …
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United States - Inflation Pressure Eases Slower Than Expected
March 2023
US GDP expanded at a downwardly revised annualized rate of 2.7% QoQ in Q4 2022, chiefly due to a 0.7 ppts downward revision in private consumption to 1.4%. Inflation data was mixed in January 2023, with continued easing in YoY CPI growth while the PCE price index edged higher. …
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Asia - Outlook of Asian Exports Clouded by Global Slowdown
March 2023
Advanced Asian economies like Japan reported a meagre rebound in GDP in Q4 2022. Malaysia showed brisk GDP growth in Q4 2022 while Thailand underperformed. Inflation in major Asian economies remained high in the first two months of 2023 despite some divergence in their recent trends. …
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