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23 August 2006 HK GDP growth slowed in Q2 Hong Kong’s annual gross domestic product growth slowed down to 5.2% in the 12 months to end June, compared to 8% in the first quarter. The government cites the slowdown as due to the fall in US demand for exports, rising global interest rates and oil prices. The government yesterday, however, remained optimistic about its projection that annual growth would reach 5% in 2006 and shrugged off concerns that export volatility could jeopardise its forecast.
Economic Research Unit |
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