HKIA (again) busiest cargo airport in the world 2021.
https://www.aircargonews.net/cargo-a...rport-in-2021/
With the 18 000 000 000 US$ expansion finished by 2024, from 2025 onwards every year until 2030 we will see a new pax record for HKIA.
Europe and US will see higher inflation rates than Asia. The EURO will remain weak because US will raise interests relative higher.
Tax will go up in Europe to pay for Putin and Corona. Asia will use Russia as a commodity source just like Africa and benefit from sanctions. Russia will become dependent on China and India. Intra-Asian trade will surge. China will be the number one economy in the world, India number two, Indonesia in Top
5. UK will fall out of the Top 10, Germany will probably follow 2030.
Tax in Hong Kong will remain low. Hong Kong will remain the most important financial centre in Asia and grow in pairs, challenging London, which will lose to Paris and Frankfurt because of Brexit. Tax in UK will rise because of spending on military and loss of trade due to Brexit. Hang Seng Index will be north of 30 000 by 2025.
The Greater Bay area will see integration on a massive scale. If the Bay area would be a country, it would be the fifth largest economy in the world. GDP of 80 million will amass to 3.5 trillion by 2030. Real estate in Hong Kong will remain to be the most expensive in the world and see new records. Any major international company doing business in China will have office staff in the CBD of HK. It will host thousands of ASEAN HQ's, including Asian top level staff.
Airport infrastructure will be built disproportionally in Asia. Hundreds of airports will be built, especially in SE Asia and China. Europe will not see a single new major airport. Carbon tax will tamper growth in the West further.
Cathay will struggle to built up capacity along with strong growth of demand. I am cautiously optimistic pay will go up, albeit not to previous levels and probably more so for captains. It will still be significantly more lucrative to work in Asia compared to Europe, especially after tax.