A slowing US economy will hurt Asian exporters this year and the region's economies are unlikely to benefit from an offsetting pick-up in domestic demand, according to John Greenwood, chief economist at fund management company Invesco.
The US federal reserve will likely cut interest rates by 25 basis points at the end of January and will cut by another 25bp later this year, Greenwood told reporters at a press conference in Hong Kong. That's less than the cuts of 100bp or more predicted by some analysts and anticipated by the US bond market.
Hong Kong's interest rates move with those of the US. The relatively modest round of cuts predicted by Greenwood makes...
