The Hong Kong government announced that the GDP of Hong Kong in the third quarter of this year (GDP) fell by 4.5%year -on -year, and the cumulative decline in the first three quarters of the first three quarters was 3.3%. Considering that the short -term prospects were not good, this year's economic growth forecast was renovated to 3.2%under negative 3.2%.Essence
The Hong Kong government issued a press release on Friday (November 11) that Liang Yongsheng, an economic adviser of the Hong Kong government, pointed out at a press conference that the Hong Kong economy has expanded in the third quarter of this year, and the peripheral environment has deteriorated.Cross -border land cargo exchanges continued to be blocked, causing a heavy blow to the exports of Hong Kong.
In addition, the major central bank's interest rate hikes have tightened the financial situation, which seriously affects internal demand. Although the crown disease epidemic is roughly stable, the improvement of the labor market, and the government's issuance of consumer vouchers in August will bring support for private consumption.However, the third quarter of GDP fell 4.5%, and the first three quarters of GDP fell 3.3%.
The Hong Kong Government said that the overall cargo exports fell 15.6%in the third quarter of this year, and the export of exports to mainland China expanded.In the third quarter, service output also fell 3.8%year -on -year, mainly due to the weakening of cross -border finance and fundraising activities.After the government relaxes the restrictions on overseas entry quarantine, the output of tourism services has increased significantly, but it is far below the level before the epidemic.
Private consumption expenditure has almost no change compared with last year, and the overall investment expenditure fell 14.3%year -on -year.
Looking forward to the future, Liang Yongsheng said that the significant deterioration of the peripheral environment will continue to bring tremendous pressure on the export performance of Hong Kong. The high inflation and monetary policy of the main advanced economies will continue to tighten, and it will further suppress the global demand.The tight geopolitical situation and the development of the epidemic have also increased the risk of economic downward.However, the Hong Kong government has brought some support for the quarantine restrictions on overseas entry passengers.
He said that due to the poor short -term prospects, the GDP growth forecast for the whole year of this year was 0.5%to 0.5%of the negative growth announced at the time of re -inspection in August, and it was revised down to a negative growth of 3.2%.
