In view of the economic performance and short -term prospects of the downturn in the first three quarters of this year, Hong Kong has lowered the forecast of GDP in 2022.
The Hong Kong government is now expected to shrink 3.2%in 2022, while the previous forecast is 0.5%to increase by 0.5%.
Dow Jones News Agency reported that the revised data released by the Hong Kong government on Friday (November 11) showed that during July to September, Hong Kong's actual GDP decreased by 4.5%year -on -year.This is consistent with the initial atrophy of the initial value and a decrease of 1.3%in the second quarter.
The Hong Kong government said that the peripheral environment has deteriorated, coupled with the continued blocking of cross -border land freight, causing a heavy blow to Hong Kong's exports.
The Hong Kong government also said that the major central bank's interest rate hikes have tightened the financial situation and seriously affect the internal demand.Bring support.
Data show that the actual private consumption expenditure in Hong Kong in the third quarter was basically the same compared with the same period of the previous year, but after seasonal adjustment, it continued to show a month -on -month growth.However, the actual overall investment expenditure fell by 14.3%year -on -year, and the decline expanded.
Data show that the actual GDP in the third quarter of Hong Kong after seasonal adjustment fell by 2.6%.This is consistent with the atrophy of the initial value 2.6%.
