Hong Kong’s Unemployment Rate Forecast to Rise 4.1 Percent in 2016

Unemployment rate in Hong Kong is forecast to potential increase to 4.1 percent from 3.5% as the city’s economy is expected to continue to face challenges next year. Research house JP Morgan said the only hope for Hong Kong to sustain its economy is through a stable or improving financial market, as China’s economy will… Continue reading Hong Kong’s Unemployment Rate Forecast to Rise 4.1 Percent in 2016

Oil Price Forecast To Hit New Lows in 2015

Prices of oil in the world market could hit new lows this year due to increased production and peak seasonal refinery maintenance in October, JP Morgan has predicted. Reuters has reported that JP Morgan lowered its 2015 average forecast for Brent crude by USD16 per barrel and US oil by USD19 for 2016. “The pace… Continue reading Oil Price Forecast To Hit New Lows in 2015