American media surveys show that after realizing customs clearance with mainland China and around the world, Hong Kong's rapid economic growth in 2023 or surpassed Singapore for the first time in more than 10 years.
According to the Bloomberg Society on Monday (January 9), after the third economic shrinking since 2019, the economic return of Hong Kong in 2023, the economic division has raised their economic forecastsEssence
Bloomberg's survey of 12 economists last week showed that the median value of Hong Kong's economic growth in 2023 is estimated to be 3.3%, which is higher than the 2.7%prediction of the 25 economists in November 2022.
Hong Kong gradually revokes the remaining epidemic prevention measures, and the launch of plans to allow citizens to return to mainland China again, making analysts more optimistic about Hong Kong's economy.Mainland China also canceled the isolation measures for entryrs on Sunday (8th), making Lugang customs clearance again a reality.
The previous retreat measures fell to Hong Kong's hotels and catering industries, and even the field of investment and wealth management. Now the successful customs clearance is undoubtedly good news for the recovery of the Hong Kong business community.
Lugang customs clearance arrangements are currently allowed to go north of 60,000 people daily, and the strong recovery may not appear in the last six months of 2023.
Affected by factors such as the epidemic, interest rate hikes and slow demand, Hong Kong's economy shrinks 3.2%in 2022.Due to the rapid relaxation of epidemic prevention control, Singapore's economic growth in 2022 was 3.8%.
Bloomberg recently surveyed that due to the possible decline in the European and American economies, Singapore's economy will increase by 2%in 2023.If Hong Kong has a great economic growth in 2023, it is expected to surpass Singapore for the first time since 2008.
