ue to their cost advantage and rapidly growing domestic demand driven by income growth form the basis of their expan
Paul Chan Mo-po, financial secretary of the Hong Kong Special Administ
rative Region, said the government has cut its forecast of the region’s Gross Domestic Pro
yabo狗亚体育下载乌托邦品茶微信duct, which is also known as GDP, to between 0 and 1 percent year-on-year for the whole of 2019. At the beginning of th
is year, the government had predicted GDP for 2019 would have been between 2 and 3 percent.
The downgrade in the forecast was attributed to the negative impact of prolonged pr
otests and violent clashes in the city, as well as the escalation of the Sino-US trade conflict since August.?yabo狗亚体育下载乌托邦
Hong Kong’s GDP recorded a 0.6 percent year-on-year growth for both the first and second quarter of this year.