Hong Kong’s economic growth forecast for 2024 has been downgraded to 2.5 per cent after a weaker-than-expected third quarter expansion of 1.8 per cent year on year. The latest official data released on Friday showed the full-year forecast was at the lowest point of the government’s previous range of between 2.5 and 3.5 per cent…
Recent strength in Hong Kong’s economy petered off in the third quarter, with growth at 1.8 per cent year on year, prompting a coming revision of the government’s full-year forecast in the middle of November. The Census and Statistics Department, which released advance estimates on Thursday, said it would revise the gross domestic product (GDP)…
Nearly 600,000 Hongkongers left the city on the first day of the three-day Chung Yeung Festival break, an almost 30 per cent increase from the start of the long weekend last year. Immigration statistics showed that 598,677 residents left Hong Kong on Friday, up by 28 per cent from 466,851 recorded on the first day…