Economic Indicators
Hong Kong Q3 GDP expands 4.1% y/y, growth forecast revised lower
2023.11.10 04:03
© Reuters. Traffic is seen between office buildings at sunset in downtown Hong Kong, China June 29, 2017. Picture taken June 29, 2017. REUTERS/Bobby Yip/File Photo
HONG KONG (Reuters) – Hong Kong’s economy expanded 4.1% in the third quarter from a year earlier, the government said on Friday, adding that inbound tourism and private consumption would underpin growth for the rest of the year.
On a seasonally adjusted quarterly basis, the economy grew 0.1% in the July-September period. That compared with a 1.3% slide in the April-June quarter.
The government revised down the full-year economic growth forecast to 3.2% from an earlier estimate of a 4.0% to 5.0% range.
