Expansion of 3.1 per cent year on year in second quarter thanks to strong exports and improving local consumption, government says
Hong Kong’s economy will expand by between 2 and 3 per cent this year as previously forecast despite worsening geopolitics, with a robust local stock market, stabilised property sector and rising wages sustaining further growth, the government has said.
The Census and Statistics Department said on Friday that economic growth for the second quarter was 3.1 per cent, in line with its advanced estimate.
The figure was about the same as first-quarter growth of 3 per cent year on year.
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