Economy
Hong Kong GDP growth seen at 2.1% on weak consumption
Hong Kong GDP growth seen at 2.1% on weak consumption
Inflation is also expected to rise next year.
GDP growth slows in Q3
The services sector sees mixed results.
2025 budget to reflect public views
The public consultation, which began on Sunday, has already received a wealth of feedback.
Unemployment rate remains stable at 3.1% in September-November
Underemployment rate also stayed at 1.1%.
HK exports up 0.3% in October
Imports of goods also increased by 1.5% over the same period.
HK's gross national income rises by 4.2% YoY to $899.6b in Q3 2024
Mainland China contributed 40.3% of its primary income inflows.
HK's exports set to grow by 4% in 2025
Electronics exports grew by 13.5% year-on-year in the first 10 months of 2024.
Hong Kong attracts 66 strategic enterprises
About 60% of these enterprises have set up new operations in the region.
Hong Kong direct investment stocks rise in 2023
Inward and outward DI rose by 6.2% and 3.8%, respectively.
Diffusion index down to 41.9 in November
Business receipts DI fell for business services, restaurants, and retail trade.
Uncertainty looms over HK's economy amidst geopolitical tensions, anticipated Trump policies
Lower domestic interest will be positive for private consumption and investments.
Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
Six in 10 HK professionals forecast economic growth next year
51% expect their company's revenue to increase.
Less containers, ocean vessel arrivals in Q3
The port handled 3.41 million TEUs of containers during the quarter.
Total port cargo throughput down 3.5% YoY in Q3
Both inward and outward port cargo declined.
Hong Kong rate cuts to drive investor interest in 2025
Lower rates will attract institutional and property funds to value-driven opportunities.
Hong Kong GDP growth to dip in 2025 amidst trade tensions, high rates
It will decline to 2% from 2.6% in 2024, Deutsche Bank said.
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