HK Economy Could Slow Further This Year: Paul Chan
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2019-02-17 HKT 13:17
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The Financial Secretary, Paul Chan, on Sunday said Hong Kong's economic growth slowed to under 1.5 percent in the fourth quarter of last year, which would be the lowest growth rate since the first quarter of 2016.
Chan said the figure is based on preliminary data, but if confirmed, the city's GDP would have grown by just three percent for the whole of 2018 - at the bottom end of government forecasts.
He also said that with uncertainties like the US-China trade dispute and the effects of Brexit, the economy could slow further this year to below-trend growth, or under 2.7 percent.
Chan will deliver his budget at the end of the month.
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