HK Economy Notches 'robust' 4.7 Percent Growth

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-05-11 HKT 18:07

Share this story


  • HK economy notches 'robust' 4.7 percent growth

Strong export growth and a surge in domestic spending have lifted Hong Kong's economy to its best performance in almost seven years.

The 4.7-percent GDP growth for the first quarter of the year comfortably beat market expectations, and is the highest figure since the second quarter of 2011.

Government economist Andrew Au said the key drivers were the growth in exports to and from the mainland, the arrival of more tourists, and a booming financial sector.

Despite the strong GDP growth, the government's keeping its forecast for the entire year at between 3 and 4 percent.

Au said the threat of a trade war between China and the United States makes for an uncertain future. But he was optimistic that talks between the leaders of the two countries will help cool the situation.


US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads' is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more