3 in 10 finance workers in Hong Kong predict weaker economy

Here's why their glass is half-empty.

In a release, eFinancialCareers, the leading financial career site, today announces its 2013 APAC Employment Survey results on finance professionals’ confidence in economic outlook and employment prospects. Results show that three in ten Hong Kong-based finance professionals (29%) claim their confidence in the Hong Kong economy has decreased in the last 6 months.

Asked why their confidence had decreased, a quarter (26%) cited the poor government strategy, followed by the global economic conditions (23%), and the instability in global financial markets (17%).

eFinancialCareers Managing Director APAC George McFerran said: “as a global financial centre its no surprise that our respondents attributed the global economic conditions and instability as key reasons for a loss of confidence. However, by highlighting poor government strategy, finance professionals clearly believe Hong Kong could be in a far stronger postion.

When asked about the next 6 months, a third (34%) of finance professionals in Hong Kong forecast a weaker performing Hong Kong economy. Over half (54%) believe the same for their local economy in Singapore and over half (52%) in Australia.