The Hong Kong Special Administrative Region Government announced that Hong Kong's GDP in the second quarter of this year (GDP) increased by 1.5%year -on -year. It is expected that tourism and private consumption will continue to become the main driving force for economic growth.
According to the Hong Kong News Agency, the Hong Kong Government announced on Friday (August 11) that the GDP in Hong Kong in the second quarter of this year increased by 1.5%year -on -year, which was lower than the market expectations of 3.5%;%, The annual economic growth forecast is from 3.5%to 5.5%, and the revision is 4%to 5%.
The overall export volume of the goods continued to fall in the second quarter after the previous quarter fell 18.9%year -on -year, falling 15.2%, reflecting the weak demand for external goods, bringing tremendous pressure on export performance.
In terms of investment, due to the tightening of financial conditions and the unclear prospects of global economic growth, the business atmosphere has generally fallen.After%, the second quarter fell 0.9%.
Private consumption expenses remain strong, rising by 8.2%year -on -year.Liang Yongsheng, an economic consultant of the Hong Kong Special Administrative Region Government, said that private consumption and tourism visit to Hong Kong are still the main driving force for Hong Kong's economic growth.Although the tight financial situation may cause constraints, the improvement of economic and prospects is still beneficial to boost the demand for Hong Kong.
As for inflation, the basic consumer price index in the second quarter increased by 1.7%year -on -year.Liang Yongsheng revealed that based on inflation data and other factors in the first half of the year, the prediction of the overall consumer price inflation rate this year was reduced from 2.9%to 2.4%.
