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On November 1, the Financial Secretary of the Hong Kong Special Administrative Region Government, Mr Chan Mao-po, published a blog post stating that preliminary estimates of the gross domestic product for the third quarter of this year will be announced next Tuesday. According to preliminary estimates, supported by accelerated export growth and steady internal demand, the economy will grow more year-on-year than market expectations in the third quarter, and the growth rate will be faster than in the second quarter; Hong Kong will also record positive growth for the 15th consecutive quarter. The year-on-year increase in real GDP for the first three quarters of this year combined was also the largest in the same period in five years. As the economy maintains a good momentum, the economic growth forecast for the whole year is expected to rise again.
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On November 1, the Financial Secretary of the Hong Kong Special Administrative Region Government, Mr Chan Mao-po, published a blog post stating that preliminary estimates of the gross domestic product for the third quarter of this year will be announced next Tuesday. According to preliminary estimates, supported by accelerated export growth and steady internal demand, the economy will grow more year-on-year than market expectations in the third quarter, and the growth rate will be faster than in the second quarter; Hong Kong will also record positive growth for the 15th consecutive quarter. The year-on-year increase in real GDP for the first three quarters of this year combined was also the largest in the same period in five years. As the economy maintains good momentum, the economic growth forecast for the whole year is expected to rise again.
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