After a rough 2019, the consensus for the global economy in 2020 is recovery, albeit modest. While Europe has managed to shore up its seventh consecutive year of growth, the European Commission is forecasting this will continue with 1.4% in 2020 for the European Union.
However, Europe faces a challenging road ahead, with growing protectionism and discontent, climate challenges, a possible new financial crisis, and the Brexit divorce. Trade tensions between Washington and Beijing are also expected to spread further across Europe, and could prevent some major projects or buyouts from taking place. Economists also expect the United States to pull Britain into its corner for support to win ongoing trade disputes with other European countries.
However, the EU is still a staunch defender of multilateralism and seeking global compromise, an approach that is being tested daily. How can it navigate an increasingly protectionist and unilateralism policies, and what impact will this have in Europe's growth?
The Chamber has invited Johannes Hack, Chief Executive of Hong Kong Branch, General Manager of North Asia, DZ Bank AG, to share his economic forecast for the continent. He will be joined by Dr Roland Vogt, Assistant Professor, European Studies, The Hong Kong University, who will analyze the potential impact of the U.K. general election and Brexit.
Register today to get a better understanding of what to expect for the European region!