Morgan maintains 3.2% growth forecast on HK economy of this year

Morgan Stanley downgraded economic growth of Asian region excluding Japan. But its chief economist Stephen explained he had no intention of adjust the 3.2% growth forecast on HK economy at present. At the same time, he is quite optimistic about outlook of Chinese economy and estimated economic growth in China to reach 7.5% this year. He stated that as Asian export slowed down and Singapore was struggling in recession, the company downgraded the forecast on Asian economic growth. He expected economic growth of Asian region excluding Japan this year to be 5%, including 7.5% growth of China and 6% of India.

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