Hong Kong's economy grew at slowest pace in Q1 since a contraction in 2012, driven by weakness in exports; GDP expanded 0.2% from Q4 2013, less than 0.4% economists had predicted

Cindy Allen

Cindy Allen

May 16, 2014 () – Hong Kong’s economy grew in the first quarter at the slowest pace since a contraction in 2012 because of weakness in exports.

Gross domestic product expanded 0.2 percent from the previous three months, the government said in a statement on its website today. That was less than the 0.4 percent estimate in a Bloomberg News survey of 11 economists.

Hong Kong’s government maintained a forecast for a full- year expansion of between 3 percent and 4 percent, betting that a strengthening global economy will provide more support in the second half of 2014. China’s slowdown is adding to risks for the neighboring city.

Today’s growth figure was the lowest since a 0.1 percent contraction in the second quarter of 2012.


To contact the reporter on this story: Paul Panckhurst in Beijing at ppanckhurst@bloomberg.net To contact the editors responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net Tan Hwee Ann

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.