Singapore, Hong Kong and Taiwan are likely to take Asia's biggest economic hit in the event of a...

|By:, SA News Editor

Singapore, Hong Kong and Taiwan are likely to take Asia's biggest economic hit in the event of a Grexit or a eurozone collapse, writes Credit Suisse economist Robert Prior-Wandesforde, as those are the region’s most open or export-dependent economies. A Grexit could knock 2.2-2.3 percentage points off of GDP, while a eurozone implosion would shave off 4.6-6.7%.