Economy

When do we know we are in an economic recession? Formulate tax measures to foster ship leasing business; provide tax concessions for the marine insurance coverage sector; assist Hong Kong to supply dispute resolution services to the worldwide maritime trade; and inject HK$200 million into the Maritime and Aviation Training Fund.

Joyful days are right here once more for the worldwide economy, and that’s excellent news for Canadian entrepreneurs. 4. Finally, watch the information launch using your fast datafeed and commerce the numbers. International Business and Monetary News, Stock Quotes, and Market Knowledge and Analysis.

In accordance with the Bank for International Settlements, Hong Kong is the 2nd largest foreign trade market in Asia and the 4th largest in the world in 2016, with the online day by day common turnover of foreign exchange transactions reaching US$437 billion.

The CNBC Enterprise Information and Finance app (available on iPhone and Android ) is NBC’s flagship financial information app. The IMF forecasts global growth for 2018-2019 to remain regular at its 2017 level of 3.7 p.c, however the progress outlook for various major economies has been marked down.

Whereas Chinese language provincial GDP figures are often much less reliable than the nationwide data due to political intervention, they will paint a basic picture of how the economic system is doing across the nation. In response to World Commerce Organization (WTO), Hong Kong is the world’s seventh largest exporter of merchandise commerce and the world’s fifteenth largest exporter of business providers in 2017.