【2017 Policy Address】HK 2017 GDP seen rising over 3.5 pct

Hong Kong's economic growth is better than expected in the first half and the government is confident that the city's GDP should rise more than 3.5 percent in 2017, partly helped by the growth of global economy and the positive outlook of China, the Chief Executive Carrie Lam said on Wednesday.

Hong Kong's GDP rose 4 percent in the first half. "Looking ahead to the second half of the year, we believe that our economy will continue with its consistently upward trend," Lam said in her first policy address.

The renewed forecast falls in the mid-point of an earlier forecast range of between 3-4%, and would fare better than the annual average of 2.9% over the past decade.

The inflation has also fallen to the lowest level in the past six years. "The economic growth remains in a good momentum when stepping into the third quarter, which can be shown in the impressive export growth and internal demand," said Lam.

As for the local labor market, she pointed out that the unemployment rate was 3.1 percent in recent months, the lowest in about two decades.


《The Young Financial Post 新報人財經》



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