Hong Kong's economy grew 1.8% in Q3 2024, with growth projections revised down to 2.5%.

Hong Kong's economy grew by 1.8% in the third quarter of 2024, with projections for a 2.5% growth rate for the year, revised down from 2.5% to 3.5%. Despite a strong recovery in tourism, consumer spending and retail activity remain weak. Chief Executive John Lee called for reforms to rejuvenate the economy and financial markets, highlighting challenges in the global economic environment.

November 18, 2024
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