Hong Kong may raise GDP forecast as growth poised for 5-year high: Paul Chan

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Finance chief says full-year forecast of 3.5 to 4.5 per cent growth may be revised upwards following strong export momentum

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Hong Kong’s economic growth this year could be the city’s strongest in five years, with potential for further upward revisions after the full-year forecast was previously raised to a range of 3.5 to 4.5 per cent, the finance chief has said.

Financial Secretary Paul Chan Mo-po said on Saturday that the city’s economy grew by 5.1 per cent in the first half of the year, driven by strong export momentum and investment growth.

“Although the third-quarter figures have not yet been released, I can share that exports remained very strong in the quarter,” he told a radio programme.

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