Hong Kong may raise GDP forecast as growth poised for 5-year high: Paul Chan
Hong Kong’s economic growth this year could be the city’s strongest in five years, with potential for further upward revisions after the full-year forecast was previously raised to a range of 3.5 to 4.5 per cent, the finance chief has said. Financial Secretary Paul Chan Mo-po said on Saturday that the city’s economy grew by 5.1 per cent in the first half of the year, driven by strong export…
Hong Kong's economic growth could reach its strongest level in five years this year, with a potential full-year forecast of 4.4% according to senior economist Gary Ng Cheuk-yan. Financial Secretary Paul Chan Mo-po revealed the city's economy expanded by 5.1% in the first half of the year, driven by strong exports and investment growth.
Export momentum remained robust in the third quarter, with the city hosting events like the Wine and Dine Festival, Fintech Week, and the Global Financial Leaders' Investment Summit. Despite geopolitical risks and inflationary pressures, Chan assured the government would continue fostering steady growth while urging vigilance in investment risks.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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