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Nov 24 2011

Economic permafrost and the absence of regional bubbles

Economic permafrost and the absence of regional bubbles
24 November 2011
HSBC 's top economists -- Stephen King and Simon Williams -- discuss the effect of sluggish economic growth and the debt burdens of the West on the MENA region and the rest of the world.

Stephen King, HSBC 's Group Chief Economist, talks about the political crisis created by stagnant economic growth in the Western world and says the European crisis will get worse before it gets better.

Watch the video.

Simon Williams, Chief Economist, HSBC MENA , says the absence of asset price bubbles across most of the region makes the Middle East less vulnerable to global events this time.

Watch the video.

© Zawya 2011

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