Hong Kong Q2 GDP Growth Flat at 0.6%
Hong Kong's economy grew 0.6 percent year-on-year in the second quarter of 2019, the same pace as in the previous three-month period but below market expectations of 1.6 percent, an advance estimate showed.
7/31/2019 9:34:21 AM
Hong Kong's growth outlook remains subdued amid ongoing trade tensions between China and the US, and growing social unrest.
On a seasonally adjusted quarterly basis, the economy shrank by 0.3 percent, compared with 1.3 percent expansion in the first quarter.
The government expects GDP growth of 2-3 percent this year, versus 3 percent in 2018.