Content type

Hong Kong, China: Less Drag From Net Exports In 2024

Country Risk / Hong Kong / Thu 08 Feb, 2024

Key View

  • We expect a resilient US economy to benefit services exports from Hong Kong, China in 2024, and we have revised up our 2024 GDP growth forecast from 1.0% to 1.5%.
  • However, growth in private consumption will slow, with a weak housing market weighing on household spending while tourist arrivals remain far below pre-Covid levels.
  • R
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Hong Kong, China Air Freight Forecast

Logistics & Freight Transport / Hong Kong / Thu 28 Apr, 2022

Key View: Air freight growth will remain strong in 2022 after a significant rebound from the Covid-19 outbreak in 2021. In the long term, opportunities will include Hong Kong, China's role as a transhipment hub and access point for the Mainland Chinese market. 

Latest Updates

  • We estimate that the 2020 decline in Hong Kong, China's air
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Hong Kong To See Much Narrower Fiscal Deficit In 2021

Country Risk / Hong Kong / Tue 02 Mar, 2021

Key View

  • We at Fitch Solutions have revised our 2021 fiscal deficit forecast for Hong Kong to 3.6% of GDP, from 6.6% of GDP previously, which represents a significant narrowing from the 9.5% deficit seen in 2020.
  • While our previous forecast already accounted for reduced spending in 2021, it did not reflect any measures that would expand
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Hong Kong EV Sales To Expand In 2020 Despite Rising Risks

Autos / Hong Kong / Thu 11 Jun, 2020

Key View

  • Higher incomes in Hong Kong, relative to the Asian region, continue to be a major driver of electric vehicle sales.
  • Favorable incentives from the Hong Kong government through concessions on first registration taxes on new EV sales and a scrappage scheme are supportive of rapid EV adoption for Hong Kong in 2020.
  • Downside risks to
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Still More Stimulus Spending For Hong Kong In 2020

Country Risk / Hong Kong / Thu 09 Apr, 2020

Key View

  • We at Fitch Solutions now forecast a fiscal deficit equal to 9.5% of GDP in 2020, from 5.2% previously, in light of the additional HKD137.5bn spending earmarked in the stimulus package announced on April 6.
  • We expect yet more stimulus spending before the end of 2020, as Hong Kong’s economy is likely to be heavily affected by the
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