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Economic Outlook Hong Kong

Economic Outlook: Hong Kong Inflation, Interest Rates, and the Risks Facing Asian Economies

At the 2023 Economic Outlook event in Hong Kong, leading economic experts discussed what’s next for the economies of Asia amid so much regional and global instability.

Three years into the global pandemic, China’s zero-COVID policies have crippled its economy, reducing consumption and investments. While inflation in the region remains modest compared to other areas of the world—such as the United States—policymakers in the region remain concerned about diminishing consumer demand and its rippling effects.

Meanwhile, mounting concerns exist around trade, supply chain issues, and how the war in Ukraine will continue to disrupt global economic activity. Given so much regional and global instability, what’s next for the economies of Asia? Leading economic experts discussed this and more at this year’s Economic Outlook in Hong Kong. Get key takeaways from their conversation or watch the full event recording. 

Explore Takeaways

Speakers

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Pranjul Bhandari

Chief India and Indonesia Economist and Managing Director, HSBC

Prior to HSBC, Pranjul Bhandari completed a resident fellowship at the IMF in Washington, DC, and a Mason Fellowship at the Harvard Kennedy School. Previously, she worked at India’s Ministry of Finance with the chief economic advisor and at the Planning Commission with the deputy chairman. She has held roles as an economist covering Asian markets at Goldman Sachs and at the UK’s Department for International Development. In 2019, she was a member of the RBI’s committee for developing India’s Housing Finance market. In 2020, she was named the “Best Individual for Research in India” by the Asset Magazine and featured in Forbes’s list of 20 self-made Indian women. 

Pranjul Bhandari
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Chang-Tai Hsieh

Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar

Chang-Tai Hsieh conducts research on growth and development. He has been a visiting scholar at the Federal Reserve Banks of San Francisco, New York, and Minneapolis, as well as the World Bank’s Development Economics Group and the Economic Planning Agency in Japan.

Chang-Tai Hsieh
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Randall S. Kroszner

Norman R. Bobins Professor of Economics

Randall S. Kroszner served as a governor of the Federal Reserve System from 2006 until 2009. He chaired the committee on Supervision and Regulation of Banking Institutions and the committee on Consumer and Community Affairs. He took a leading role in developing responses to the financial crisis and in undertaking new initiatives to improve consumer protection and disclosure.

Randall S. Kroszner

Moderator

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Emily Tan

Senior Correspondent, CNBC

Emily Tan is a senior correspondent for CNBC International covering breaking business and financial stories on Hong Kong, China, and Taiwan markets. She joined CNBC in 2007, as the lead Hong Kong market reporter. Over the years, she has also covered major news events such as the Taiwanese presidential elections in 2008, 2012, and 2020; Hong Kong’s Umbrella movement in 2014; the social unrest in 2019; and the impact of severe weather events such as super typhoons Mangkhut and Hato. She has also interviewed some of the region’s most recognizable and influential leaders.

Emily Tan