Will Hong Kong undergo Double Dip?
Will Hong Kong undergo Double Dip?
  • Bang Jung-hyun
  • 승인 2009.12.31 16:22
  • 댓글 0
이 기사를 공유합니다

According to the Wall Street Journal, Hong Kong's Chief Executive, Donald Chang, revealed on  the 30th that towards mid-January, economic condition in Hong Kong might experience a double dip recession. Since, the aftermath of the global recession, Hong Kong's economy is under doubt and is uncertain whether its' economy will fully recover.

One predicts that Hong Kong's retail sale price will be on the upward path for three consecutive months, but then from first quarter next year, its' economy will begin to falter. However, last month's retail price gone up by 11.8 percent of approximately W3.5 trillion (US$3 billion) and increased by 9.8 percent in comparison to October. Such increase in sales price brings light to Hong Kong's economy being safe and sound, but many experts gather their brows about whether this growth will continue.

Nonetheless, Donald Chang says that Hong Kong is well-equipped with abundant resources to counteract negative outcomes and so he prevented further economic fear for next year.

      


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: www.koreaittimes.com / m.koreaittimes.com. Editorial Div. 02-578-0434 / 010-2442-9446. Email: info@koreaittimes.com.
  • Publisher: Monica Younsoo Chung. Chief Editorial Writer: Kim Hyoung-joong. CEO: Lee Kap-soo. Editor: Jung Yeon-jin.
  • Juvenile Protection Manager: Yeon Choul-woong. IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.
ND소프트