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The Hong Kong economy officially slid into recession in the final quarter of 2008. The economy is predicted to grow at 2 percent in 2009. Hong Kong is an advanced tertiary economy built on services, retail, tourism, transport and financial industries.
Hong Kong rejoiced today as it joined France and Germany as the latest territory to climb out of recession. This is, in large part, thanks to China's record lending and its massive 4 trillion yuan ...
Stock disaster in 2007, 2008, 2009 (Great Recession) 2010s. Stock disaster in 2011 (United States debt-ceiling crisis of 2011) Stock disaster in 2015, 2016 (2015–16 Chinese stock market turbulence) and (2016 United Kingdom European Union membership referendum)
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
The recession is officially over but the misery remains. At least, that's the view of 80 percent of the 52 private economists surveyed by Blue Chip Economic Indicators. They expect gross domestic ...
A recent survey by the National Association of Business Economists (NABE) has predicted that the recession will end in the third quarter of 2009. An organization dedicated to analyzing economic ...
Towards the end of the decade, Hong Kong's population had slowed further to a growth of 0.5% in 2009 with the city having a total population of 7,055,071 as of 2009. [16] Other new immigration topics include the Right of abode issue , Quality Migrant Admission Scheme or the Capital Investment Entrant Scheme.
According to a survey of leading economists conducted by the National Association for Business Economics, the recession will end in the third quarter of 2009; that is, by the end of September. A