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Paul Chan: HK Annual Economic Growth May Approach 2.5%
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The Hong Kong government had previously forecasted the city's annual economic growth to be 2.5-3.5%. Financial Secretary Paul Chan said in a blog post that the government had earlier announced an estimated economic growth of 2.6% for 1-3Q24. Although the growth rate slowed in 3Q, the gradual decline in external interest rates, coupled with a series of economic stabilization measures introduced by China, has lifted market sentiment, leading to a rebound in the stock and property markets. The government expected that Hong Kong's economy will continue to maintain momentum for the remainder of the year, and that its annual economic growth will be near the lower end of the original forecast range. AAStocks Financial News |
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