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HK sees 2-4% growth as 'new normal', no change to dollar peg

Mr Tsang: "I have been making a lot of fiscal concessions . . . and that basically puts more money in people's hands, so they consume more and has contributed 1 per cent of growth to GDP.

Hong Kong

HONG KONG is looking at a"new normal" economic growth rate of 2-4 per cent, about half the pace at which it grew in 2011, as its export-dependent economy grapples with a slowdown in China and elsewhere, Financial Secretary John Tsang told Reuters.

The former British...

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