How Long to Read Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China

How Long Does it Take to Read Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China?

It takes the average reader and 21 minutes to read Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China by Mr. Papa N'Diaye

Assuming a reading speed of 250 words per minute. Learn more

Description

Hong Kong SAR was hit hard by the global financial crisis, which started out in the U.S. and spilled over to the rest of the world. Three years later, vulnerabilities in the euro area''s financial system and concerns over a hard landing in Mainland China have started to weigh on Hong Kong''s growth prospects. Against this backdrop, this paper aims to quantify the trade and financial spillovers on Hong Kong SAR''s economy from a downturn in the euro area and Mainland China. Based on simulations using a version of the Global Integrated Monetary and Fiscal (GIMF) model and a Global VAR (GVAR) that includes both balance sheet and standard macroeconomic indicators, Hong Kong SAR''s output growth could fall by as much as 1½ times the decline in euro area output growth given its high dependence on external trade and many links with the global financial system. A worsening of the crisis in the euro area could reduce Hong Kong SAR''s output by as much as 4-4½ percent below baseline during the first two years after the shock, pushing Hong Kong SAR back into recession and possible deflation. In the event of a hard landing in China, the model simulations suggest that Hong Kong SAR would be on a sustained downturn with output growth falling by about 3 percentage points below baseline in the first two years. Should these events materialize, countercyclical fiscal response could help cushion, but not fully offset, the impact of slower growth in the euro area or China.

How long is Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China?

Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China by Mr. Papa N'Diaye is 21 pages long, and a total of 5,271 words.

This makes it 7% the length of the average book. It also has 6% more words than the average book.

How Long Does it Take to Read Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 28 minutes to read Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China aloud.

What Reading Level is Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China?

Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China?

Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China by Mr. Papa N'Diaye is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Trade and Financial Spilloveron Hong Kong SAR from a Downturn in Europe and Mainland China by Mr. Papa N'Diaye on Amazon click the button below.