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Hong Kong raises 2026 GDP growth forecast to 4.8pct

HONG KONG: Hong Kong has raised its 2026 real GDP growth forecast to 4.8 per cent, up from a previous range of 3.5 per cent to 4.5 per cent, supported by the upbeat economic performance in the first three quarters and the expected growth momentum in the last quarter.

Hong Kong raises 2026 GDP growth forecast to 4.8pct

Hong Kong has lifted its 2026 GDP growth forecast to 4.8% from a previous range of 3.5% to 4.5%, driven by strong economic performance in the first three quarters and expected growth momentum in the final quarter. The combined real GDP for the first three quarters expanded by 5.1% year-on-year, the fastest pace in five years, according to the Hong Kong Special Administrative Region (HKSAR) government.

This growth was fueled by a surge in exports of goods and services, with exports of goods rising 30.3% year-on-year and exports of services expanding by 4.3%. The HKSAR government official projected a strong annual performance for Hong Kong, citing exports of services and domestic demand as key growth drivers.

Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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