The approach of the US' Inflation Reduction Act to favour US manufactured electric vehicles caused widespread concern in Korea. The European Union's Carbon Adjustment Mechanism is considered by some as a barrier to trade and the outlook for the economic relations with China remains unclear. In Korea, exports are still down, especially because in semi-conductors and the turnaround is yet still to come. The persistent high inflation is fought in many countries not only by central banks but also by public subsidies creating an uneven playing field in business.
Join Dr Fred Neumann Chief Economist, and Co-head of Global Research Asia at HSBC as he returns to the BCCK and ECCK by popular demand to provide a macro-economic update and to discuss trends in international trade impacting the EU, UK, and Korea, and what we might expect in the future.
*Members of the ECCK should purchase tickets for this event on the ECCK website.