Economy
Hong Kong may see negative economic growth in 2022
Hong Kong may see negative economic growth in 2022
This is due to the rising cost of capital and tightening monetary conditions amongst others.
Return of group tours, individual visit scheme may boost Macau recovery
But China's lockdowns strategy will counter overseas travel.
External merchandise trade value dips double digits in August
Values of exports and imports of goods fell by 14.3% YoY and 16.3% YoY, respectively.
Consumer prices rise 1.9% YoY in August
The rate of increase was the same as last month.
Goodbye aviation hub status? Report shows HK air travel recovery hit by strict health rules
The aviation industry’s recovery will slow down.
Employment in the private sector drops 1.3% YoY in June
Given the drop, vacancies rose by 38% YoY.
External merchandise trade volume down double digits in July
Total exports and imports of goods fell by 16.2% YoY and 16.9% YoY, respectively.
Unemployment rate dips to 4.1%
The total number of unemployed people stood at 161,900.
Gross national income slips 1.2% YoY to $755.2b in Q2
It is $78b higher than the GDP.
Business receipts of major service industries ‘improve’ in Q2
This is thanks to the moderated epidemic and eased health measures.
Sluggish global growth momentum drags Hong Kong’s export performance
The city’s total export dropped by 8.9% YoY in July.
Hong Kong raises postage fees
The adjustments were said to be in line with cumulative inflation.
Consumer prices rise 1.9% MoM in July
The year-on-year rate of increase in consumer prices was also 1.9%.
HKEX posted net loss of $274m in Q2 22
The stock exchange experienced lower depository fees from e-IPOs.
Economy to contract by 0.7% in 2022: forecast
The GDP outlook got downgraded amidst a deteriorating external environment.
HKTDC inks agreement facilitating economic exchange with Aomori Prefectural Government
The agreement will create opportunities for businesses in both locations.
Economy shrinks by 1.3% YoY in Q2
This marks the second consecutive quarter of GDP contraction.
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