UBS lifted its full-year economic growth forecast for Hong Kong to 4.5 percent on Monday, despite the city’s second-quarter figure falling short of market estimates.<\/p>\n
The bank’s projection, revised from its previous forecast of 3.3 percent, is higher than the prevalent market expectation of 3.5 percent.
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UBS said that Hong Kong’s economy is expected to continue expanding in a stable way, adding that the successful formulation and implementation of the Five-Year Plan will help stabilize Hong Kong\u2019s growth performance across different business cycles and promote its potential growth over the medium to long term.<\/p>\n
UBS Securities’ chief China economist, Song Yu, pointed out that a significant signal was that the policy tone has shifted towards prioritizing growth, and that monetary and fiscal policies will adjust accordingly.<\/p>\n
In the second quarter, the city’s gross domestic product rose by 4.3 percent year-on-year, below the market expectation of 4.9 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"UBS lifted its full-year economic growth forecast for Hong Kong to 4.5 percent on Monday, despite the city’s…\n","protected":false},"author":2,"featured_media":111124,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[1042,351,21155,167,22076,11760,22077,3673,22078,100,22079,307,1782,22075,223,4293],"class_list":["post-111123","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-breaking-news","tag-china","tag-english-daily","tag-finance","tag-free-newspaper","tag-headlines","tag-hong-kong-media","tag-hong-kong-news","tag-hong-kong-news-media","tag-latest-news","tag-sing-tao","tag-sports","tag-standard","tag-the-standard","tag-ubs","tag-world"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117031100946450108","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=111123"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/111124"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=111123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=111123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=111123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}