Attending an early-morning Breakfast Forum where one is confronted with many graphs and figures about the prospective global economy may not sound like everyone’s favourite activity. Whoever had decided for the beauty sleep instead, and therefore against attending the Breakfast Forum with HSBC’s Chief Economist Paul Bloxham, obviously had not heard Paul speak before…
On 23 March, about 40 guests arrived at HSBC’s office in Barangaroo at 7.30am. On level 36 not only a stunning view across Darling Harbour awaited our attendees, but also coffee and tea as well as a rich breakfast buffet. While enjoying both the breakfast and the view, everyone mingled and networked until Lars Mehlan, Director Events & Marketing, welcomed everyone on behalf of the German-Australian Chamber. He thanked Executive Member HSBC for hosting this Breakfast Forum and asked Nadia Ladak, Head of International Subsidiaries at HSBC, onto the stage. Nadia welcomed everyone and introduced the guest speaker for this morning, HSBC’s Chief Economist Paul Bloxham, to the audience.
While covering topics such as trade corridors, Australia’s bilateral relations (including those with Germany) and forecasts and trends for the Australian and New Zealand economies, Paul captivated his audience with an engaging presentation and forgot all about his prepared slides showing graphs and figures en masse. Essentially, Paul’s view on the global economy looks positive for Australia. Altogether, the nation’s tight economic relationship with an ever-growing China, its ability to accommodate economic changes through diligent policy-making and room for increased exports in the three major service industries of tourism, international education and business, leaves Australia strong on the path to a global recovery. Upon concluding his presentation, Paul shared a secret with us: that he usually prepares presentation slides and ultimately ends up speaking without them. During the Q&A, he then proved that he indeed had prepared some slides for us and shared some important graphs with our guests to underline his perspective.
Afterwards, guests had plenty of time to enjoy some more breakfast and networked until it was time to return to their offices.