HK's Economy Has Thrived Since 1997: Expert

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2022-06-30 HKT 21:51

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  Hong Kong's economic growth has outstripped major economies such as the US and the Eurozone since it became an SAR in 1997. Image: Shutterstock

UBS Investment Research's William Deng speaks to Joanne Wong

Hong Kong’s economy has overcome a series of challenges over its 25 years as a special administrative region.

Despite setbacks such as the Asian Financial Crisis and the Sars outbreak, the economy has proven to be resilient, and has more than doubled in size to around HK$2.9 trillion since 1997.

William Deng, an economist from UBS Investment Research, noted that SAR's growth during the period has been faster than other major economies, such as the US and the Eurozone thanks to its strong fundamentals, abundant reserves, and support from the central government in times of difficulties.