US economic recovery could spell disaster for Hong Kong

Last Friday, the United States released data showing the world's biggest economy grew at a weaker than forecast 2.5 per cent annualised rate over the first three months of this year.

With US consumer inflation subdued at just 1.5 per cent last month, the soft first-quarter growth number has bolstered expectations that the Federal Reserve will continue its programme of quantitative easing for the time being at least, and keep interest rates ultra-low until the end of next year.

Whether that's good or bad news for Hong Kong depends on how you see the local property market.

via Business feed http://www.scmp.com/business/article/1226208/us-economic-recovery-could-spell-disaster-hong-kong