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Soaring energy costs and inflation, the weakest euro in 20 years, and Russia's invasion of Ukraine are pushing Europe's major economies closer to recession. The OECD projected euro zone economic growth would plunge from 3.1% this year to only 0.3% in 2023. The economic challenges are also putting a squeeze on retail goods, which are expected will hit exports from the Mainland and ASEAN, as European consumers tighten their belts for a tough winter.

Will the weak euro drive export growth and investment from member countries, or impact future confidence and investment in the bloc? Or is this a crisis out of which savvy entrepreneurs will find opportunities?

To help members understand what risks and opportunities may lie ahead, the Chamber has invited two business and investment analysists to share their views on 7 December.

Jan Friederich, Senior Director, Fitch Ratings, will discuss the outlook for the European economy in the context of the energy crisis and how it impacts some of the underlying factors of the euro's weakness against the dollar.

Eberhard Brodhage, Founder, Asia Europe Business Partners Ltd, and former country CEO for Commerzbank Hong Kong, speaking from Berlin, will try to make sense of the multiple crises that Europe is battling. He will also analyze what these could mean for companies doing business with and investing in the EU for the coming year.

DISCLAIMER
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.

Speaker(s)

Eberhard Brodhage is a Financial Expert with dedicated Asia experience. His international expertise, based on long-term global postings, stretches from the Americas across the Middle East to Asia. Over a period of 42 years as an international banker, he served for more than 30 years in executive roles for a leading German bank, including his role as the Head of Financial Institutions for the Middle East and Asia-Pacific, and as the Chief Executive of the Bank’s Hong Kong Branch over a decade.
Asia Europe Business Partners Limited was founded by Eberhard Brodhage in 2018 and advises German and European companies on accessing Asian markets and building and maintaining an efficient financial architecture across their Asian business. His focus lies on China, with particular emphasis on Hong Kong, the Greater Bay Area, and South Korea. Equally, he supports Asian companies in respect of their business in Germany and Europe.

Jan Friederich is the head of Fitch’s Europe, Middle East and Africa sovereign rating team leading about 25 analysts in the economic analysis and sovereign risk assessment of sovereigns in the region. Prior to Fitch he spent most of his career at the Economist Intelligence Unit, mostly focusing on Western European economies, the US and China. He also started a startup in education technology. Jan has an MPhil in International Relations from the University of Cambridge and an MSc in Financial Economics from the University of London, having received his undergraduate education at the Free University of Berlin.

Language

English

Date and Time

2022/12/07 17:00 to 18:00

Venue

Online via Zoom

Media

Closed to media

Enquiries

Heidi Ko
Tel: 2823 1266
Email: heidiko@chamber.org.hk

Fee

Event Cancelled

HK$ 100 for Members / HK$ 200 for Non-Members (Attend via Zoom)

+$50 for booking offline
Members enjoy 30% discount with BOC HKGCC VISA Card

Notes

- Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.