Credit Suisse raises Hong Kong growth forecast
The bank believes GDP will shrink 2.8% this year, from its last contraction forecast of 5.2%, because of an improved outlook for the jobs market, the revival of asset market activities and an expected recovery of domestic and external sectors. It is predicting 4% economic growth for Hong Kong next year, from 3% previously.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts