Hong Kong's Economic Growth Forecast Revised Upward

The Hong Kong government has increased its GDP growth forecast for 2025 from a range of 2 to 3 percent to 3.2 percent, reflecting a robust economic performance. This revision is attributed to better-than-expected results in the first three quarters of the year, with the Census and Statistics Department reporting a real GDP growth of 3.3 percent during this period.

Financial Secretary Paul Chan Mo-po highlighted that the upward adjustment is also influenced by a positive outlook following a slight de-escalation of the US-China trade war. Chan noted in a social media post that the economy is growing steadily despite facing a constantly changing and uncertain external environment.

The revised figure of 3.8 percent GDP growth in the third quarter aligns with earlier advanced estimates provided by Chan. This growth forecast adjustment reflects significant economic momentum, which could enhance investor confidence in the region.

The increase is seen as a response to strong performance indicators in household spending and investments, contributing to a solid economic landscape. Furthermore, the Hong Kong government's optimistic outlook could influence market movements positively, as it indicates resilience in the face of external challenges.

Overall, the revision of the GDP growth forecast to 3.2 percent illustrates robust economic performance and a favorable environment for potential investments in Hong Kong.