CONTACT US
Our sites
Search
CONTACT US

Hong Kong: Dynamism maintained

Hong-Kong is open and dynamic, but sensitive to global shocks. Short term prospects point to slower growth.

Monetary policy linked to the US. Fiscal and current account surpluses while Foreign Exchange reserves continue to rise.
Download the PDF
hong-kong-jun13.pdf 702 KB
Authors
global economic outlook
global economic outlook

Economic Outlook: Energy, trade and financial shockwaves

The Russian invasion of Ukraine has brought back significant headwinds to the global economic recovery and raised wider geopolitical risks.

More information
China's economic slowdownCauses and consequences, at home and abroad
China's economic slowdownCauses and consequences, at home and abroad

China’s great crunch: causes and consequences, at home and abroad

A mix of temporary and self-inflicted factors has sparked a sudden slowdown in China, which we expect to continue through Q4 2021 and the beginning of next year.

More information
Working Capital Requirements in 2021
Working Capital Requirements in 2021

Liquidity matters: Corporates may need half a trillion of additional working capital requirement financing in 2021

Large companies will face a record increase in WCR in a context of a strong demand rebound triggered by the grand reopening, alongside severe shortages in inputs, labor and final goods.

More information
Drivers of growth: Property and casualty insurance
Drivers of growth: Property and casualty insurance

Drivers of growth: Property and casualty insurance

Have other explanatory variables already replaced GDP as the decisive factor for insurance market growth?

More information
The great Covid-19 race
The great Covid-19 race

Race to the post Covid-19 recovery: 7 obstacles to overcome

The pace of vaccination campaigns will drive a multi-speed recovery, keeping divergence high.

More information
Myths about excess liquidity
Myths about excess liquidity

Show me the money: debunking a couple of myths about excess liquidity

It is quite easy to overestimate or underestimate money growth and therefore underestimate the uncertainty surrounding the outlook for inflation.

More information
Global tourism recovery after Covid-19
Global tourism recovery after Covid-19

Tourism: Europe will be at the frontline of the recovery, but only in 2024

As governments race to contain new and more contagious variants of Covid-19, ‘travel passes’ or ‘vaccine passports’ won’t be enough to revive tourism.

More information
Digital-enabling countries proved more resilient to the Covid-19 economic shock
Digital-enabling countries proved more resilient to the Covid-19 economic shock

Digital-enabling countries proved more resilient to the Covid-19 economic shock

Our estimates show that an additional point in a country’s 2020 EDI score translated to +0.25pp GDP growth in Q3 2020 y/y.

More information
Allianz Regional Pension Report 2021: Asia
Allianz Regional Pension Report 2021: Asia

Allianz Regional Pension Report 2021: Asia

There is no country in Asia that doesn’t need pension reforms.

More information
Shifting global balance towards Asia
Shifting global balance towards Asia

The world is moving East, fast

The Covid-19 crisis could accelerate the shifting global balance towards Asia.

More information
Best economic wishes for 2021
Best economic wishes for 2021

'Dear Santa': Our economists' wish list for 2021

As 2020 draws to a close and we release our updated forecasts, our economists were caught day dreaming of a world where their boldest wishes would come true.

More information
vaccine economics
vaccine economics

2021-2022: Vaccine economics

The Covid-19 vaccine will supercharge global growth in 2021, but short-term headwinds, and a complete recovery only by 2022, will create transition risks.

More information

Living on with a Covid-19 hum

A stop-and-go approach until the return to normal in 2022.

More information

Allianz Global Wealth Report 2020

The prosperity gap between rich and poor countries has widened again.

More information

Impact underwriting: sustainable insurance as an opportunity for society and business

Due to its role as risk manager, risk carrier and major investor, the insurance industry is in a unique position to promote economic, social and environmental sustainability.

More information