GDP Growth Slows, Inflation Looms in Hong Kong

Hong Kong’s economic growth slowed in the period from January to March. Real gross domestic product rose 0.2% on a seasonally-adjusted quarter-to-quarter basis, down from 1.4% in the last three months of 2012.

Year-on-Year, output in the first quarter rose 2.8%, beating market estimates.

Officials said the city’s economy continued to grow moderately with improving global circumstances compared with the latter half of last year. They maintained their forecast that GDP will grow by 1.5% to 3.5% this year.

~ SCMP, May 11, 2013 ~

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