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Standard Chartered Keeps HK GDP Growth Forecast at 2.5% for 2026, Expects No US Rate Cuts
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Hunter Chan, Greater China economist at Standard Chartered, said the bank maintains its forecast for Hong Kong's 2026 GDP growth at 2.5%. Given that Hong Kong's economic performance beat expectations in 1-3Q25, the bank lifted its 2025 growth forecast from 2.8% to 3.3%. In terms of rate cuts, Chan doesn't expect the Federal Reserve to reduce rates in 2026. He based his expectation on increased AI investments by US companies, which may boost overall productivity and drive economic growth, as well as the gradual emergence of tariff impacts. As the Fed may need to observe economic performance, the room for rate cuts will be limited. AAStocks Financial News |
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