Salient to Investors:

Christine Lagarde at the IMF said:

  • The global economic outlook is less positive than in April but is still in recovery, and improved from a year ago.
  • IMF growth forecasts for Hong Kong have not changed.
  • The financial crisis left more major scars and legacies that the economies have been able to deal and so the potential for growth is lower even for the medium term
  • The world risks long-term new mediocre, particularly in advanced economies with legacies of high debt and high unemployment and clouds in Ukraine and the Middle East.
  • The prospects for women integration in Japan and Korea are positive. The education of girls is critical for economic development.
  • The US has sufficient energy and confidence in the private sector to move the US economy forward. The US economy falls deeply but comes back more quickly than other economies.

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