Hong Kong – 2Q GDP
10/08/2018 05:23 pm MYT
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In 2Q 2018, Hong Kong’s real GDP grew by 3.5% on a year-on-year basis, a slower pace compared with the growth rate in 1Q 2018 – see figure 1. Government consumption grew at a faster pace, while private consumption reported a slower growth rate – see table 1.

The exports and imports of goods expanded 4.6% and 6.3% respectively from a year ago. Meanwhile, the exports of services recorded a year-on-year growth of 6.1%, lower than that of the preceding quarter (7.9%).

In the near term, Hong Kong is expected to continue to benefit from the strong global economy and economic performance in mainland China. Domestic demand should also stay resilient due to favourable labour market conditions. However, the US-China trade war and US interest rate normalisation pose downside risks to the Hong Kong economy.

Note from Publisher
Capital Dynamics group started its operation 30 years ago with Capital Dynamics Sdn Bhd, the first licensed independent investment advisor in Malaysia. The first few years were extremely challenging. The company struggled to gain clients because it was unknown and without the backing of well-known individuals or institutions. The hard work of Tan Teng Boo and his team finally paid off years later when many subscribers of i Capital requested Teng Boo to manage their hard-earned money.

From an investment adviser, Capital Dynamics expanded into the fund management business, initially providing Malaysia focused services, subsequently managing global funds as well as individually managed accounts. Without the support from the print and online subscribers of i Capital and the trusts bestowed on our fund management services from thousands of investors, Capital Dynamics would not have been able to go so far. Therefore, we organise an “Appreciation Concert” to thank all clients of Capital Dynamics as we celebrate our 30th anniversary.

If you wish to come to the appreciation concert, you really need to act immediately because https://appreciationconcert.icapital.biz would not be able to receive any registration once it hits full capacity. Meanwhile, we also eagerly await your participation in the 2018/2019 Global Investor Week on 13th and 14th Apr 2019. Kindly go to https://giw.icapital.biz/2019/ to register.
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