Hong Kong’s economy is still struggling to regain momentum, according to a Financial Times analysis of the latest data, with any benefits from lower US interest rates and a Chinese stimulus package expected to take time to filter down.
The Asian financial hub recorded growth of 2.8 and 3.3 per cent respectively in the first two quarters of this year. Economists expect it to show another positive reading for the three months to September.
But Hong Kong’s economic prospects have been hampered by slowing economic growth in China, higher US interest rates and a fall in tourist numbers.
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