Hong Kong’s economy is expected to expand 3.4% this year and 3.5% next year, from previous estimates of 2.7% and 2.8%, respectively, according to the median estimate in a Bloomberg survey of economists.
Hong Kong’s economy is likely to expand faster than initially thought as China’s reopening spurs activity, while rival financial hub Singapore is expected to continue contending with price pressures.
That’s according to the latest Bloomberg survey, in which economists raised their forecasts for Hong Kong’s gross domestic product growth, while lowering their expectations for Singapore.
