Economies across the Asia Pacific face challenges going into 2020 from slowing global growth and lingering trade policy uncertainty. The "Phase One" trade deal between the United States and China agreed in December may help global growth stabilize in 2020, but trade tensions are nevertheless likely to remain high, weighing on exports and economic activity.
Virtually all APAC economies saw a slowdown in growth in 2019, and many are expected to see a further decline in 2020. The region is nevertheless proving economically resilient. The outlook for APAC economies is mostly stable, with financial buffers and policy space to support domestic demand.
Geo-political factors will be increasingly relevant in 2020. Continued frictions between the U.S. and China over trade and technology, and lingering social unrest in Hong Kong will affect the local economy and sentiment.
Stephen Schwartz, Senior Director and Head of the Asia-Pacific Sovereign team at Fitch Ratings, will share his views on the sovereign credit outlook for APAC at a Chamber roundtable luncheon on 22 January. Schwartz earned his BA at Wesleyan University, and his MA in economics and PhD candidacy at Princeton University.
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.
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Stephen Schwartz is a Senior Director and Head of the Asia-Pacific Sovereign team, based in Hong Kong.
Schwartz joined Fitch in December 2016. He previously held senior research and analytical positions in Hong Kong with Merrill Lynch (FX Strategist/Senior Economist from 2008-09), BBVA (Chief Economist for Asia from 2010-14) and, most recently, Moody's Investors Service (Group Credit Officer for the APAC Financial Institutions Group from 2014-16).
Prior to these roles, Schwartz spent his career with the International Monetary Fund beginning in 1992 as an Economist based in Washington, DC. His assignments spanned economies across Asia, Latin America, Europe, and Africa. He was instrumental in the IMF's work on Thailand during the Asian Financial Crisis, and thereafter on Indonesia, where he also served as the IMF's Senior Resident Representative from 2004-2008.
|Date and Time
||2020/01/22 12:30 to 14:00
||Chamber Theatre, 22/F United Centre
||Open to media
Tel: 2823 1265
||Members @ HK$190 / Non-Members @ HK$400
+$50 for booking offline
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