The Hong Kong General Chamber of Commerce raised its annual economic growth forecast for Hong Kong from 3.5% to the latest 6.3%. Its survey also revealed that 44% of the companies interviewed expect their annual turnover to increase year-on-year. At the same time, Hong Kong's GDP grew by 7.6% in the second quarter, and the government also raised its annual economic forecast to 5.5% - 6.5%. These data shows that under the influence of the global epidemic, Hong Kong is gradually recovering its economy and stabilizing its business environment.
However, there are still many uncertainties about the global epidemic, such as variant viruses, vaccine efficacy and vaccination rates. These factors may have an impact on the economy again. For Hong Kong's economy to return to its pre-epidemic performance, it will depend on the possibility of reopening the China border, relaxation of social distancing measures, and post-epidemic economic strategies. Investors can pay close attention to the latest developments in the economy, explore growing industries under the epidemic, and consider restructuring your investment portfolios.
Source:
The Hong Kong General Chamber of Commerce , Hong Kong Economic Times
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