AcasăAsia Pacific NewsHong Kong's economy expected to grow 2 to 3 pct in 2025

Hong Kong’s economy expected to grow 2 to 3 pct in 2025

Published on

Hong Kong’s economy is expected to grow 2 to 3 percent in 2025, the financial secretary of the Hong Kong Special Administrative Region (HKSAR) government said on Wednesday, according to XINHUA.

While delivering the 2025-26 budget at the HKSAR’s Legislative Council, Paul Chan said that Hong Kong’s economy progressed steadily amid a complicated and changing environment in 2024. The country’s economy is making steady progress and has rolled out measures benefitting Hong Kong one by one.

Together with the HKSAR government’s initiatives to boost the economy and interest rate cuts by the U.S. since mid-September, they all provided support to different economic segments in Hong Kong. Hong Kong’s economy recorded a moderate growth of 2.5 percent in 2024, Chan said.

Considering factors including the continued stable growth of the mainland economy, the country’s domestic and international circulation, expansion of high-standard opening-up, and the gradual easing of monetary policies by major central banks, Chan expected that Hong Kong’s economy will grow, on average, 2.9 percent a year in real terms from 2026 to 2029.

XINHUA

Latest articles

LabMin Bucura-Oprescu: Living standards in Romania improved 44pct from ten years ago

Living standards in Romania now are 44% better than ten years ago, according to...

PresidentialElections2025/Dominic Fritz: The society is getting mobilized for the honest solution in round two

The interim president of the USR (Save Romania Union), Dominic Fritz, on Thursday stated...

Euro trades at RON 5.1222

The exchange rate of the national leu currency resulting from the quotations announced on...

PSD’s Ciolacu: Being PM is not a job, but a supreme honour in the service of Romania and Romanians

National leader of the Social Democratic Party (PSD) Marcel Ciolacu said on Thursday that...

More like this

LabMin Bucura-Oprescu: Living standards in Romania improved 44pct from ten years ago

Living standards in Romania now are 44% better than ten years ago, according to...

PresidentialElections2025/Dominic Fritz: The society is getting mobilized for the honest solution in round two

The interim president of the USR (Save Romania Union), Dominic Fritz, on Thursday stated...

Euro trades at RON 5.1222

The exchange rate of the national leu currency resulting from the quotations announced on...