Members and guests of the British Chamber of Commerce in Germany’s North Rhine-Westphalia Region and of the Deutsch-Britische Gesellschaft, Düsseldorf are cordially invited to:
A „New Year’s“ evening with HSBC Germany
Date: Thursday, 11 January 2024
Time: at 18.30 h CET
Venue: Industrie-Club, Elberfelder Str. 6, 40213 Düsseldorf
15 € Members
30 € Non-members
Dear BCCG member,
Members and guests of the British Chamber of Commerce in Germany’s North Rhine-Westphalia Region and of the Deutsch-Britische Gesellschaft, Düsseldorf are cordially invited to spend an evening in the Industrie-Club, hosted and generously, supported by HSBC Germany (“HSBC”).
Many central banks in the Western world have increased key interest rates over the last year or so at an unprecedented speed to reign in record high inflation. This “monetary medicine” appears now to be working with inflation pressures recently easing from the peaks hit in autumn 2022 with the kind help of reducing energy prices. The western economies, however, are now increasingly feeling the impact of this bitter pill, with a tighter monetary environment weighing on demand for loans from both companies and households. Some housing markets are suffering badly, undermining construction activity and increasing delays in business fixed investments can be observed as capacity utilization rates are declining. This leaves predominantly the hope that private consumption can weather the higher rates and continue to support economic activity. Amid these challenging circumstances, what are the consequences for economic growth in Germany, the Eurozone, UK and the US? And could we see central banks making a U-turn in policy soon?
Again, the BCCG is delighted to have HSBC host as in past years a “New Year Outlook” event for our members and guests as well as those from the DBG. As in prior years Stefan Schilbe, the Chief Economist of HSBC Germany will give his views on the major trends expected to impact the economic year ahead.
We are also thrilled that the CEO of HSBC Germany, Michael Schleef, has agreed to both host the event on behalf of the HSBC but also assist in the moderation of Q&A from the floor on the manifold questions we expect our speakers to raise in our audience.
The evening will be held at the Industrie-Club, Elberfelder Str. 6, Düsseldorf, and will include a short reception before and after the main event for those attending.