What's On

As the saying goes, it never rains but it pours. While the pandemic may be easing, economies around the world are now facing soaring inflation.

With global markets already struggling to tamp down prices caused by supply chain disruption, relief does not appear to be anywhere in sight. In fact, inflationary pressure is expected to worsen as conflict in Ukraine continues to drag on, and the effects of climate change take hold. Wheat and oil prices have risen by some 60% and 70% respectively compared to a year earlier.

In Asia, the uptick in prices has been milder than in the West. Although a number of Asian central banks have begun to tighten their monetary policies, these are in the minority. Inflation appears to be less prevalent in the region and therefore assigned a lower priority, relative to salvaging pandemic-ravaged economies.

Immunity to price pressure may not last, however, as a recent surge in Covid cases on the Mainland has compounded supply chain woes. At the same time, it appears that the world is turning its back on globalization, which has been instrumental in keeping prices down over the past decades.

Against such a backdrop, what is the inflation and economic outlook for Asia? How will these shape policy responses in major regional economies? What will be the impact on Asian currencies of the Federal Reserve's pursuit of deleveraging and, more recently, higher interest rates?

Join us on 19 July when two experts -- Louis Kuijs, Chief Economist for Asia Pacific at S&P Global Ratings, and Wei Liao, Senior Vice President and China Economist at PIMCO -- will share their thoughts on the inflationary and economic prospects for Asia. They will also discuss other key factors that will influence the region's short-term economic outlook.

Coronavirus Containment Measure:
- Attendees are required to scan the "Leave Home Safe" QR code on arrival at the Chamber and should wear a mask at all times. They are also subject to temperature checks.
- Attendees, who feel unwell are advised against in-person attendance at the Chamber. If attendees are required to undergo compulsory testing, please kindly bring along a negative PRC or RAT test result when attending physically.
- To prevent the spread of Covid-19, food and beverages will not be provided during the event

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.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.


Louis Kuijs, APAC Chief Economist, S&P Global Ratings

Louis leads the Asia Pacific macro team and its research. He contributes to S&P Global Ratings’ macro-credit narrative and represents the firm in events, conferences, and the media, delivering its insights and thought leadership to the marketplace.

Before joining S&P Global Ratings in 2022, Louis held senior positions in both the public and private sectors, including at the International Monetary Fund (IMF) in Washington DC, the World Bank in Beijing, and at the Royal Bank of Scotland and Oxford Economics in Hong Kong. While with the World Bank, he led the China Quarterly Update, headed the Bank’s mid-term review of China’s 11th Five Year Plan, and led research on China’s saving and investment, rebalancing, and longterm growth and structural change.

Louis is a well-known observer of China’s economy and contributes regularly to the international media on China and Asia.

Wei Liao, Senior Vice President and China Economist, PIMCO

Ms. Liao is a senior vice president and China economist based in the Hong Kong office. She is responsible for crafting the firm’s outlook for the Chinese economy and monetary policy, and identifying key regional macro risks and investment trends.

Prior to joining PIMCO in 2020, she was the senior China economist at J.P. Morgan for three years. Previously, she served as the China economist at the International Monetary Fund from 2013–2016, where she helped formulate the IMF’s view on China macroeconomics and policies. Earlier in her career, she worked for the Hong Kong Monetary Authority. She has 14 years of investment and financial services experience and holds a Ph.D. in economics from New York University.

Language English
Date and Time 2022/07/19 14:00 to 15:30
Venue Chamber Theatre and Online via Zoom
Media Closed to media
Enquiries Tracy Leung
Tel: 28231277
  • HK$ 120 for Members / HK$ 240 for Non-Members (In person)
  • HK$ 100 for Members / HK$ 200 for Non-Members (Online via Zoom)
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
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