HK Economic Growth Likely To Be Stagnant: FS
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2019-04-28 HKT 11:26
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The Financial Secretary, Paul Chan, is expecting Hong Kong's GDP growth to be flat for the first three months of this year, but expects things to pick up later in 2019.
The quarterly figure will be released later next month.
Writing in his weekly blog, Chan said growth momentum has slowed further from the fourth quarter of last year when the economy grew just 1.3 percent - the weakest quarterly reading since 2016.
But Chan said the slowdown may end soon - given recent positive developments in Sino-US trade talks.
He said he's hopeful that the local and global economies will strengthen later this year.
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