Hong Kong’s Economic Growth Forecast at Risk, Survey Shows
- City’s GDP seen expanding 4% in 2023, less than prior estimate
- Year marks ‘return toward a semblance of normalcy’: Moody’s
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Economists cut their forecasts for Hong Kong’s economic growth, raising the possibility the government could miss its goal for the year as the post-pandemic recovery runs out of steam.
That’s according to economists surveyed by Bloomberg, who project the Asian financial hub’s gross domestic product will expand by 4% this year compared to 2022, less than an earlier median estimate of 4.6%.