Hong Kong Q2 GDP steady, govt revises up 2015 growth forecast

[HONG KONG] Hong Kong's economy held steady in the second quarter from the first, bolstered by private consumption, and the government shrugged off any impact from weak tourism and a slowdown in China to revise up its 2015 growth outlook.

The economy grew a seasonally adjusted 0.4 per cent in the three months to June compared with revised 0.7 per cent growth for the first quarter.

From a year earlier, the economy expanded 2.8 per cent in the second quarter compared with a revised 2.4 per cent in the previous quarter.

Economic growth for the April to June quarter was forecast to have expanded 2.1 per cent, according to the median forecast of six economists with year-on-year estimates.

The Hong Kong government revised up its economic growth forecast for 2015 to 2-3 per cent from 1-3 per cent.

REUTERS