Hong Kong: Q1 GDP growth slows to 0.6%
[HONG KONG] Hong Kong's economy grew a slower 0.6 per cent in the first quarter from a year earlier, the government said on Friday, hit by a slowdown in exports and investment amid US-China trade frictions.
The first quarter's pace compares with an annual expansion of 1.2 per cent in the previous quarter, and was slightly higher than its advance estimate of 0.5 per cent growth.
On a quarterly basis, the economy expanded a seasonally adjusted 1.3 per cent for the January-March period, after a revised 0.5 per cent contraction in the fourth quarter of 2018.
The government is forecasting GDP growth of 2-3 per cent this year, versus 3 per cent in 2018.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons