BZW report takes particularly dim view of colony's future

Article Abstract:

A recent report issued by Barclays de Zoete Wedd Securities Ltd. (BZT) predicts economic problems for Hong Kong in the near-term. The BZT report stated that the Hong Kong economy will slow down in 1995, with growth of only 2.4% as compared to the 5.5% seen in 1994. BZT analysts also stated that rising interest rates and other factors will force a change in private-consumption patterns. The report is especially ominous in view of BZT's conservative nature.

Securities Dealers, Investment Banking and Securities Dealing, Security brokers and dealers, Reports, Forecasts and trends, Securities industry, Hong Kong, Barclays de Zoete Wedd Securities Ltd.

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Nations sign swap pacts

Article Abstract:

The currency-reserve swap agreements announced at a meeting at the Asian Development Bank in Hawaii in are intended to bolster defenses against the currency attacks experienced in 1997-1998. The limitations of the agreements and the so-called Chiang Mai Initiative agreed upon in 2000 are discussed.

Administration of General Economic Programs, Asia, Foreign Exchange & Reserves Policy, International aspects, Economic policy, Foreign exchange, Currency swaps

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