Hong Kong may raise GDP forecast as growth poised for 5-year high: Paul Chan
Financial Secretary Paul Chan Mo-po cites strong export momentum and investment growth in the first half of the year.
Quick Look
Hong Kong's economic growth could reach its strongest in five years, following a 5.1 percent expansion in the first half driven by robust exports and investment, according to Financial Secretary Paul Chan Mo-po.
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Why It Matters
Full-year forecast was previously raised to a range of 3.5 to 4.5 per cent.
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 momentum and investment growth.
“Although the third-quarter figures have not yet been released, I can share that exports remained very strong in the quarter,” he told a radio programme.
Open Questions
- What are the exact third-quarter figures?
