Hong Kong revised growth expectations to the lowest end of its previous forecast, showing mounting pressures from weaknesses in exports and consumption.
The city changed its 2024 growth forecast to 2.5% from a range of 2.5%-3.5% estimated in August, the Census and Statistics Department said Friday. The adjustment suggests expansion will slow from last year’s 3.3% and came after data showed growth slowed to the weakest in five quarters.
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