Economic growth shows signs of weakening as inflation rises

The video discusses the current global economic challenges, highlighting the deteriorating conditions in Western economies and the slowing growth in Asia and emerging markets. It emphasizes the impact on Hong Kong's external demand and export performance. The video also notes the monetary policy adjustments in Asia and the potential for these regions to stabilize the global economy, provided the European debt crisis does not worsen.

What is the significance of the European debt crisis in relation to global economic stability?

In what ways can the Asian region contribute to global economic stability?