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Economists Raise HK Econ Growth Forecast for 2026 to 2.9%: Bloomberg Survey
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Surveyed economists raised the median forecast for Hong Kong's economic growth this year from 2.5% to 2.9%, reflecting improved financial activities and the support of expansionary measures in the fiscal budget, as revealed by a Bloomberg survey. Economists also revised up the YoY growth forecasts for each quarter, with all predictions reaching or exceeding 2.5%. The median growth forecast for next year remained unchanged at 2.5%. Cindy Keung, an economist at OCBC Bank Hong Kong, noted that further declines in interest rates, a weaker HKD, and a favorable policy environment should bolster economic growth next year. Meanwhile, resilient external demand and continuously improving domestic demand, paired with a positive wealth effect, are expected to galvanize economic activities. AASTOCKS Financial News Website: www.aastocks.com |
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