Hong Kong Q2 GDP Growth Flat at 0.6%

Hong Kong's economy grew 0.6 percent year-on-year in the second quarter of 2019, the same pace as in the previous three-month period but below market expectations of 1.6 percent, an advance estimate showed.

Hong Kong's growth outlook remains subdued amid ongoing trade tensions between China and the US, and growing social unrest.

On a seasonally adjusted quarterly basis, the economy shrank by 0.3 percent, compared with 1.3 percent expansion in the first quarter.

The government expects GDP growth of 2-3 percent this year, versus 3 percent in 2018.

Hong Kong Q2 GDP Growth Flat at 0.6%

Joana Ferreira | joana.ferreira@tradingeconomics.com
7/31/2019 9:34:21 AM