Daiwa’s Lai Says Hong Kong May Already Be in Recession

Nov. 11 (Bloomberg) — Kevin Lai, a Hong Kong-based economist at Daiwa Capital Markets Ltd., talks about the city’s economy. Hong Kong Chief Executive Donald Tsang said on Nov. 9 that the economy may have slipped into a recession in the third quarter as Europe’s debt crisis roiled markets. Third-quarter economic figures are due today. Lai speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)

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