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.
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