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Bloomberg
Hong Kong’s government maintained its forecast for gross domestic product growth this year at between 2 percent and 3 percent, as the city grapples with the fallout from the trade war between the US and China.
In a release revising up first quarter GDP growth to 0.6 percent from a year ago, the government said the outlook is currently subject to a “high level of uncertainty.â€
Economists surveyed by Bloomberg see the expansion coming in at 2.3 percent this year, down from 3.0 percent in 2018.
The forecast matches the outlook made by Financial Secretary Paul Chan in February during his annual budget.
Hong Kong’s currency is once again approaching the weak end of its trading band against the greenback amid an escalation of tensions between China and the US.