Pedestrians wearing protective masks cross Hennessy Road in Causeway Bay, Hong Kong, on May 1, 2020. - Bloomberg
HONG KONG (Bloomberg): Hong Kong’s economic recovery is set for a fresh boost with the distribution of consumption vouchers beginning this weekend just as growth momentum in the city starts to steady.
A report Friday (July 30) will likely show second-quarter gross-domestic product rose 7.8% from a year earlier, largely unchanged from the previous three months, according to the median estimate in a Bloomberg survey of economists. On a quarter-on-quarter basis, a better reflection of growth momentum, GDP is forecast to contract 0.8%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
