Hong Kong's economic growth remained robust in the third quarter, paving the way for what may be the strongest annual expansion in five years. Exports drove 5.1% growth in the first half, while investment surges continued into the third quarter. Though official statistics have yet to be released, momentum remained strong.
The official full-year growth estimate may be revised upwards, with government economists to provide details later. Financial Secretary Paul Chan warned that interest rates are expected to remain elevated next year as geopolitical tensions and the Middle East conflict lift oil prices and add to inflationary pressure, potentially affecting property markets and the overall economy. The government will closely monitor financial risks.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing