Hong Kong turmoil could trigger world recession, warns Harvard economist

The academic's warning comes days after Federal Reserve Bank of Boston President Eric Rosengren said Hong Kong's crisis is on his global worry list

Hong Kong’s rolling political turmoil could prove a tipping point for the world economy, Harvard University economist Carmen Reinhart said.

Noting an incidence of shocks that have rattled global growth, including the intensifying US-China trade war, Reinhart cited Hong Kong as among her main concerns.

“One shock that is concerning me a great deal at the moment is the turmoil in Hong Kong,” which could impact growth in China and Asia generally, Reinhart said in an interview with Bloomberg Television’s Kathleen Hays.

“These are not segmented regional effects, these have really global consequences. So what could be a tipping point