HK Economy Expanded 4.1% In Q3 As Tourism Picks Up

Hong Kong’s economy expanded 4.1 percent in the third quarter from a year earlier, the government said on Friday, adding that inbound tourism and private consumption would underpin growth for the rest of the year.

On a seasonally adjusted quarterly basis, the economy grew 0.1 percent in the July-September period. That compared with a 1.3 percent slide in the April-June quarter.

The government revised the full-year economic growth forecast down to 3.2 percent from an earlier estimate of a 4.0 percent to 5.0 percent range.

Reuters

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