Harvard Economist Warns Hong Kong Could Trigger World Recession
- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Hong Kong’s rolling political turmoil could prove a tipping point for the world economy, Harvard University economist Carmen Reinhart said. Noting an incidence of shocks that have rattled global growth, including the intensifying U.S.-China trade war, Reinhart cited Hong Kong as among her main concerns. Having previously warned that Hong Kong faces a housing bubble, she said the world economy could be hit by “shocks with a bang or with a ...
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