Hong Kong Q3 GDP expands 4.1% y/y, growth forecast revised lower

  • Hong Kong's economy expands by 4.1% year-on-year in the third quarter, with inbound tourism and private consumption expected to drive growth. Q3's seasonally adjusted quarterly growth is 0.1%, rebounding from a 1.3% decline in the previous quarter.

Hong Kong Q3 GDP expands 4.1% y/y, growth forecast revised lower

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Hong Kong's economy expanded 4.1% 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% in the July-September period. That compared with a 1.3% slide in the April-June quarter.

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