HONG KONG, Aug 12 (Reuters) - Hong Kong's economy contracted 1.3% in the second quarter from the same period a year earlier, government data showed on Friday, following a weak performance. Hong Kong GDP Contracts More than Expected Hong Kong's economy shrank by 4.2 percent year-on-year in the fourth quarter of 2022, while analysts expected it to contract by a softer 2.9 percent, following a revised 4.6 percent decline in the previous period, the preliminary estimate showed. 
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The Hong Kong economy improved visibly in the first quarter of 2023, led by the strong recovery of inbound tourism and domestic demand. According to the advance estimates, real GDP grew by 2.7% in the first quarter of 2023 over a year earlier, ending four consecutive quarters of declines. GlobalData forecasts Hong Kong's real GDP to grow by 0.7% in 2022; Hong Kong ranked eighth out of 152 nations in the GlobalData Country Risk Index (GCRI) Q2 2022; According to GlobalData, Wholesale, retail trade and hotels gross value added to expand by 5.1% in 2022; Hong Kong has a well-developed and regulated banking sector.
Hong Kong's economy shrank by 1.4 per cent in the second quarter of 2022 compared with the same period last year amid the continued impact of the fifth coronavirus wave, dragging the city into a. GDP According to the revised figures on the GDP released today by the Census and Statistics Department, real GDP contracted by 4.0% year-on-year in the first quarter of 2022 (the same as the advance estimate), having expanded by 4.7% in the preceding quarter. 
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HONG KONG - Hong Kong's economy contracted 1.4% in the second quarter from the same period a year earlier, advance government data showed on Monday, August 1, as exports and investments. 7. Loan to the Hong Kong SAR government is at present zero. 8. Includes loans for trade finance and other loans for use in Hong Kong. Since December 2018, figures for loans for use in/outside Hong Kong have been restated to reflect authorized institutions' reclassification of working capital loans. 9.
HONG KONG, Aug 1 (Reuters) - Hong Kong's economy contracted by 1.4% in the second quarter from a year earlier, advance government data showed on Monday, with weak performance in external. The economy of Hong Kong jumped 5.3% in the three months to March of 2023, the fastest expansion since the first quarter of 2021, after showing no growth in the previous period, flash estimates showed. source: Census and Statistics Department, Hong Kong 3Y 10Y 25Y MAX Chart Compare Export API Embed Hong Kong GDP Growth Rate 
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HK reports Q1 GDP growth after disastrous 2022. 2.7% growth follows four quarters of contraction, including a 4.2% dip in Q4 2022. AFP - 02 May 2023, 11:56am. A series of large-scale promotional. According to the advance estimates on gross domestic product (GDP) for the second quarter, on a seasonally adjusted quarter-to-quarter comparison, GDP rose 0.9% in real terms in the second quarter compared with the preceding quarter.
The Report of the Gross Domestic Product, Second Quarter 2022, which contains the GDP figures up to the second quarter of 2022, is also available for online download, free of charge at the homepage of the Census and Statistics Department, www.censtatd.gov.hk . Ends/Friday, August 12, 2022 Issued at HKT 16:30 Aug 2, 2022, 11:30 AM SGT HONG KONG (BLOOMBERG) - Economists have downgraded their forecasts for Hong Kong's economy, predicting it could contract for the third time in four years, after. 
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Economic Research August 2022 1 1 Hong Kong's GDP shrinks by 1.4% in Q2 amid sluggish exports and investments Domestic activity set to pick up with an improving jobs market, whereas external trade is clouded by the gloomy global outlook Hong Kong may enter a fresh rate hike cycle soon following the US Fed's aggressive rate hikes, with Hong Kong reports Q1 GDP growth after disastrous 2022. Traffic is seen between office buildings at sunset in downtown Hong Kong, China on Jun 29, 2017. (Photo: Reuters/Bobby Yip) 02 May 2023 10.








