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Hong Kong economy grows slower than expected as recovery cools

Bloomberg
Bloomberg • 2 min read
Hong Kong economy grows slower than expected as recovery cools
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Hong Kong’s economy grew less than expected in the third quarter of this year, suggesting the Asian financial hub’s post-pandemic boost may be fading.

Gross domestic product rose 4.1% in July to September from a year earlier, according to advance estimates released by the government on Tuesday. That’s worse than the 5.2% estimated by economists, albeit faster than the second quarter’s 1.5% pickup.

The figure benefited from a low base last year, when GDP fell 4.5% over the same period as pandemic isolation still battered the financial hub.

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