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View Full Version : Hong Kong’s GDP May Shrink 2.1%, Driving Budget Into Deficit - Bloomberg



NewsWhore
02-23-2009, 04:30 PM
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Hong Kong’s GDP May Shrink 2.1%, Driving Budget Into Deficit (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3Da6w5I7V3Obz0%26refer%3Dasia&cid=0&ei=-RWjSc-0HJDClQSXpq2YCw&usg=AFQjCNEPB_bqN1G8q4K-hsJLZYyKVkHYlw)
Bloomberg
Hong Kong’s long-term foreign-currency debt rating of Aa2, Moody’s third-highest ranking, isn’t under threat, because the government has large fiscal reserves and limited debt, Hess said. The reserves stood at HK$523.8 billion as of Dec. ...


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