HONG KONG: Hong Kong’s economy grew 5.4 per cent in the third quarter from a COVID-19 induced slump a year earlier, the government said on Friday (Nov 12).
Year-on-year growth slowed from 7.6 per cent in the second quarter.
On a quarterly basis, the economy expanded by a seasonally adjusted 0.1 per cent in July to September. That compared with a contraction of 0.9 per cent in the previous quarter.
The government revised up its full-year growth forecast to 6.4per cent from 5.5 per cent to 6.5 per cent, but revised down full-year underlying CPI forecast for 2021 to 0.7 per cent from 1 per cent.
Source: Reuters