Australia and New Zealand Banking Group (ANZ) analysts provide their outlook on Hong Kong’s economy for this year.
“Hong Kong will continue to be a dollar funding centre for mainland Chinese companies.
HKD peg will be maintained on strong capital inflows and LIBOR-HIBOR spread reversal.
Growth momentum will pick up as trade rebounds.
Retail sales and inbound tourism will improve in 2020.
No US Fed rate hikes; this will support home values.”