HongKongEconomy

Hong Kong's Economic Headwinds: A Look into 2024's Sluggish Growth

3 months ago

In 2024, Hong Kong's economy is expected to experience a marked slowdown, attributed to a combination of dwindling consumer spending and ongoing challenges in the property market. Analysts predict that these factors will weigh heavily on the region's overall economic performance, making recovery more difficult in the coming months.

Hong Kong's Economic Growth Faces Headwinds Amid Weak Export Demand

6 months ago

In a concerning development for the economy, Hong Kong has reported a significant slowdown in growth during the third quarter of 2024, primarily attributed to a marked decline in export demand. Official data released by the Hong Kong Census and Statistics Department revealed that the territory's economy has been struggling to maintain momentum as global demand falters.

Hong Kong’s Economic Future Takes Center Stage in John Lee's Policy Address

7 months ago

As Hong Kong continues to navigate its post-pandemic recovery, Chief Executive John Lee is gearing up for a pivotal policy address that will focus heavily on revitalizing the city's economy. Set to take place this week, Lee's speech comes at a crucial time as the city grapples with challenges including international competition, inflation, and a potential recession looming on the horizon.