| Journal Call no. | AP8.W56 |
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| Author | Truscott, Brian. |
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| Article Title | Big ticket sales in the doldrums : traders cross fingers and hope for pickup / Brian Truscott. |
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| Is Part Of | Window ; v.5, no.15, 26 Apr 1996, p.54-55, illus. |
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| Abstract | Hong Kong's version of a full-blown economic recession has left consumers cautious. Nevertheless, many local analysts and even civil servants are stubbornly confident that consumer spending - and the economy - is headed for a rebound. Why? Because lower inflation is increasing real purchasing power; tourists eager to walk along Queenway before July 1, 1997, will fill hotels and retail shops; and there are early signs that climbing property prices will soon create a positive wealth effect, which would be especially embraced by those who bought property in 1994 and still suffer from negative equity. |
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