• Hong Kong economy likely to have expanded in Q4 2017, trade deficit to have remained steady in January

    Source: FxWire Pro - Commentary / 26 Feb 2018 15:55:41   Eastern Standard Time

    The Hong Kong economy is likely to have expanded in the fourth quarter of last year. According to a DBS Bank research report, the economy is likely to have grown 3.1 percent. Externally, trade figures held up well into the year-end. Meanwhile, on the domestic front, retail sales value grew on full-employment and a buoyant equity market.

    Full-year real GDP growth is likely to have recovered significantly to 3.7 percent in 2017 from 2016’s 2 percent, stated DBS Bank. Exports and imports are likely to have risen 8 percent and 10 percent, respectively, in January. Meanwhile, trade deficit is expected to have remained stable at HKD 19.5 billion, as compared with HKD 12.3 billion a year earlier, added DBS Bank.

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