Hong Kong maintains growth forecast as trade uncertainty looms
Gross domestic product expanded 3.1% in April-June from the same period a year ago
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[HONG KONG] Hong Kong officials confirmed growth expanded at the fastest pace since 2023 in the second quarter, and left the full-year economic forecast unchanged.
Gross domestic product expanded 3.1 per cent in April-June from the same period a year ago, as private consumption and exports led growth, according to the final estimate from the Census and Statistics Department on Friday.
The data underscores the improving picture for Hong Kong’s economy, buoyed by a rebound in the financial sector and outlook for lower interest rates.
At the same time, President Donald Trump’s trade policies are expected to weigh on trade beginning later this year. BLOOMBERG
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