HSBC Sees LatAm Outperformance

HSBC Sees LatAm Outperformance

Asia

HSBC expects relative strong LatAm performance, but sees risks of further deterioration. “We expect parts of Asia, the Middle East and Latin America to continue to outperform Western economies, but to be constrained by the global downturn,” says the bank in its 2008 annual report, released Monday. “The possibility of a combined credit crunch and stagflation in Latin America cannot be ruled out,” it adds, noting the potential for more contraction in availability of credit, as well as increased li

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