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

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%.
Comments (3)
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    This is ridiculous. Greece will most likely exit the Eurozone. It is a tiny country with and economy no better than Uganda's. No way it would influence Hong Kong or anybody. The issue is the possible contagion as Italy, Spain and other don't look great. However, Spain and Italy are already a problem, Greek exit or not.
    20 Jun 2012, 05:03 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    CHECK OUT todays wsj. "How Asia Will Fare if Europe Cracks"
    20 Jun 2012, 07:41 AM Reply Like
  • kmi
    , contributor
    Comments (4000) | Send Message
     
    'winningtrader' has been on the wrong side of this trade for a while now.
    20 Jun 2012, 09:29 AM Reply Like
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